Nigerians have condemned video footage showing policemen and private guards attached to First Bank of Nigeria (FBN) violently assaulting a man alleged to have threatened to close his account.
The incident occurred at Osapa, Lekki in Lagos branch of the bank on Wednesday.
Already Nigerians are demanding the arrest of the security men who assaulted the man as well as compensation for the victim by the bank.
The video showed the victim spotting a lemon tee-shirt being dragged by one of the private guards while two policemen slapped him repeatedly from opposite direction.
It also showed one of the policemen hitting him with the butt of his gun.
Trouble was said to have started after the victim had an altercation with another bank customer.
He was said to have been asked to leave the banking hall but he refused and insisted on closing his account.
His decision to close his account however, did not go well with the operatives who descended on him.
Reacting to the video, the bank through its verified Twitter handle said the matter was being investigated.
“Our attention has been drawn to a video posted online of an incident that happened at one of our branches.
“The bank is currently investigating this unfortunate incident and will take immediate steps to address both the reasons behind the episode and its fallouts.
“We assure the public that our customers remain at the core of our business and we are committed to delivering the highest standards in customer experience across all our touch points,” First Bank said.
MTN Nigeria Communications LTD has been accused by Babatunde Fowler, chairman of the Federal Inland Revenue Service (FIRS), of deducting tax from the N330 billion fine it paid to the Nigerian Communications Commission (NCC). The penalty was imposed in 2015 over SIM card registration infractions.
Fowler maintained that fines and penalties for regulatory infractions are revenues paid to the Federal Government and should not be subjected to any tax deduction.
“The MTN took a position that the fine or penalty should be tax-deductible. But the FIRS said that does not make sense. One cannot be given a penalty or fine, which is a punitive measure, and the company is saying it is tax-deductible so that it will get a tax credit on that,” the FIRS boss added.
The NCC had in October 2015 imposed a fine of N1.04 trillion on the telecommunications giants for non-compliance with a deadline set by the Commission to disconnect all unregistered SIM cards.
The move by NCC followed accusations by mobile phone users that the regulator had failed to bring operators to account for poor services to subscribers.
The regulator later reduced the fine to N780 billion in December 2015, having taken into consideration the stability of the telecommunication sector. The fine was further reduced to N330 billion after MTN agreed to be listed on the Nigeria Stock Exchange (NSE).
The agreements have now been fulfilled by MTN, including the listing of 20.3 billion shares in May this year. (SaharaReporters)
National Chairman of the All Progressives Congress (APC), Comrade Adams Oshiomhole has told those accusing him of being too combative as the National Chairman of a governing party to keep their cool as he was not about to change his approach because he did not join politics to be changed by the way things are done by politicians.
Oshiomhole said his long stay in Labour taught him to be combative, stressing that he did not join politics to be changed or commit class suicide, but to impose his own ways of doing things.
The former Edo state governor and Labour leader also said he was of the view that diplomacy will not address the challenges facing the country, adding that only an aggressive engagement can force those benefiting from the statusquo to change in such a way that will make the country better.
Speaking at a reception organised by the Nigeria Labour Congress (NLC) for the Director General of the International Labour Organisation (ILO) Guy Ryder, Oshiomhole said he believe that more labour leaders should join government so that together they can force a change in the way things are done in the country.
Oshiomhole said: “whatever I am doing today, my style and choice of what I do and what I abstain from doing, I owe to Labour. If you study the Nigerian media, there is this saying that as national chairman of a governing party, I am not supposed to be combative. I am even more convinced now about the need for combat.
“If this country is going to change and deliver to the poor, deliver decent jobs, we need not diplomacy, but aggressive engagement to force those who are benefiting from the status quo to change and in such a way that will make the country to work for the people who live on their wages.
“Some people said to me that I am too combative and I said to them that I was not coming to copy their method, but coming to impose my method to change the system and not for the system to change me.
“I refuse to be changed by the system. My hope is that with more comrades coming into politics, we will work together to change the system for a better future.
“I am very proud of my background, as a factory hand, as a factory organiser, as a General Secretary of Textile Workers and as President of NLC. Some people said I have I cross over and I ask, to where? I just continue with the struggle
“I move from conveying my grievances with placards and organising strikes with protest and pressure, to trying my hands on the drivers wheel, to try to do those things that I try to communicate with placards and then use executive pen to get them done.”
The Former NLC President told his colleagues in the labour movement that he remains ever indebted to the trade union movement, saying “I learnt so much from the movement.
“I don’t like to be called a politician even though I find myself functioning and playing a political role and even elected to a political office through a political process because of the way that word is corrupted in Nigeria and elsewhere on the continent.
“As governor, when my colleagues say wages is a burden or workers are a burden, I say no because the most important resource that we have in Nigeria is the human resource, but we under value it.
“We sometimes see it as a burden, we see wages as an issue and we look at it in terms of cost. Yet, the primary purpose of government is the welfare of the people.
“If the welfare of the people is at the heart of the essence of governance, all I did all my life in the trade union was struggling with the power of capital and later the power of state so that power should not be used in a way that undermines the social purpose of business and also the social purpose of government.
“So now finding myself in government, my task was to fight to ensure that I am not appropriated by the oppressive class, but use the office to redefine what it should be. So, this is just to tell you that I remain myself and refuse to commit class suicide.
“That is why I am always at home when I am with my colleagues. That doesn’t mean that we didn’t have to argue. There are a couple of things we had to do differently.
“So, this is just to tell you that from inside, I am much more convinced that Union should not only exist, but you should have the capacity and ruthlessly deploy that capacity to ensure that the resources of states are dissipated in favour of the working people and working families.
“We should not only count the number of us in government, but measure what we are doing differently when we are in government. So, be rest assured that I have only one constituency and that is labour.”
Oshiomhole maintained that there was the need to do things differently when it comes to the issue of workers welfare, expressing concern that while the cost of living has continued to be on the increase, wages have remained constant.
He said “with rising crises, stagnant wages and a very miserable lifestyle, you have to fight for that. We now see in Nigeria the difference between signing an agreement and even passing laws and the challenge of translating those laws. There is even the Contradiction of signing laws first before getting consultants to tell us how to implement these laws.
“We had a few conversations about minimum wage. We have to do things differently about minimum wage. While should every price change and only one price is constant.
“A bag of cement, when I was a governor keeps changing, contractors keep telling me we have to revise the rate because cost of items are changing, So if every other costs are changing, and labour cost is constant, common sense tells you that somebody is being squeezed.
“Around the world, there are challenges and I do not envy my successors because each time you think things are bad and the next time, you wonder if the past was not even better.
“Our population is growing, our resources are limited, the environment is compounding the challenges and these affect all of us as a people. We have to recreate the middle class because we are now in a society where you are either very rich or you are just extremely poor.
“The world should not be defined by poverty and wealth. We ought to be able to make a difference. We have organised all the strike that we can, fought all the battles that we probably can.
“As we say, the struggle not only continue, it is getting more and more complicated with modern technology posing fresh challenges to those of my colleagues who have responsibility to ensure that when politicians talk about growth and prosperity, this has to be measured in terms of how all of that reflect in all of the quality of life of working families.
“In Europe, that would mean a few challenges, but on the African continent, it is a big issue. Today, nations are erecting walls everywhere and so, there are challenges everywhere.
“There is no better place to focus on youth than on the African continent. In Europe, we talk about ageing population, but here, we have a young population.
“We may be deficient in so many aspects of life, but we are very efficient in human production. We have an average of three percent growth in population annually. What can be more efficient than that. But that also create a huge challenge.
“When an economy is growing at two percent and the population growing at three percent, poverty must be endemic. I do know that there have been different conversations as to what we should do differently to make things easy for our youths.
“But the labour movement has not focused much on this. People say not too young to run for political offices and even got a law to reduce the age. But I say not too young to fight poverty and to fight poverty is not be a politician.
“To fight poverty is to drive those in government to create an environment for young people to think and to see the gap in society and take advantage of it to create something. If you don’t address the youth question in terms of jobs, we are in trouble.” (The Nation)
Aliko Dangote, president of Dangote Group, says his refinery will not be competing with the Nigerian National Petroleum Corporation (NNPC).
Dangote, who visited Mele Kyari, the new NNPC group managing director (GMD), said his team will rather partner with the state-run oil company to achieve a win-win situation.
“The most important thing for us is to see how we can partner with NNPC, it is not to see how we can compete with NNPC. We would like NNPC to be part of us and we also want to be part of NNPC. I think that is the only way we can achieve a win-win situation,” Dangote said.
Dangote, who is Africa’s richest man, said the refinery will dedicate 53% of its projected 650,000 barrels per day refining capacity to the production of petrol.
He said the company would rely heavily on NNPC’s knowledge of the refining business in Nigeria to achieve its central objective.
In his comments, Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation (NNPC), said the refinery is key to achieving the target of making Nigeria self-sufficiency and subsequently, an exporter of petroleum products.
A statement signed by Ndu Ughamadu, NNPC’s spokesman, quoted Kyari as saying that NNPC will give the same level of support to the other promoters of refineries.
The new 2019/2020 European football season, comprising matches of the English Premier League, the Spanish La Liga and the Italian Serie A, will be broadcast live on DStv and GOtv.
But with just two weeks left before the season opener, the various clubs are ramping up their activities in the transfer market, seeking to recruit players to beef up their squad.
The La Liga has been the hot spot for the biggest transfer news in the last couple of weeks, especially with the long-mooted move of Antoine Griezmann from Atletico Madrid to Barcelona completed.
The French forward’s buy-out clause was set at a reported €200 million, although Atletico are claiming that he had agreed his move to the Catalan giants before 1 July and they should, therefore, receive a higher total. Regardless, the actuality of Griezmann linking up with the great Lionel Messi is one that will have Barcelona fans really excited for the new season.
Atletico have also been extremely busy in the transfer market. Asides Griezmann’s departure, the club has also seen midfielder Rodri leave for Premier League champions, Manchester City, for a reported fee of €70 million. But they have brought in youngster Joao Felix, an attacking player from Benfica, for a whopping €126 million – the biggest fee spent in this summer’s transfer market yet.
Felix’s signing for such a huge sum was a surprise, though the versatile 19-year-old Portuguese starlet has immense promise and could prove a great buy in the long run. Rodri, meanwhile, is seen very much as the long-term replacement at the Etihad Stadium for Fernandinho and adds further depth of quality to Pep Guardiola’s already stacked squad.
Tottenham Hotspur also made waves in England after it secured Tanguy Ndombele from Olympique Lyon for a club-record €60 million. A wonderful all-round midfielder and superb athlete, the 22-year-old should be a great fit for English football and strengthens Spurs’ bid to shatter the dominance of City and Liverpool.
Chelsea, despite their transfer ban, finalised the loan deal of midfielder Mateo Kovacic by making his move from Real Madrid. This was allowed because Kovacic’s initial move was completed before the sanction was applied. More important for the Blues, however, was the appointment of club legend Frank Lampard as manager, replacing Maurizio Sarri.
Sarri has returned to Italy to take charge of champions, Juventus, who have conducted some decent deals in the transfer market. The club sold Leonardo Spinazzola to Roma for €29.5 million, and brought in Cristian Romero for €26m.
But the biggest move yet in Italy in this transfer window has been the transfer of the ‘Greek god’, Konstantinos Manolas, from Roma to Napoli for €36 million. There has been speculation that this move might open the door for the Neapolitans to sell star defender, Kalidou Koulibaly, although the Senegalese remains a part of the team at Stadio San Paolo for now.
For more information on the unmatched football on DStv and GOtv and the upcoming fixtures, visit www.supersport.com.
A housewife, Mrs Olamide Ganiyu, on Friday told a Mapo Customary Court in Ibadan, to dissolve her marriage to husband, Sikiru, because he is fond of going to the night clubs and bringing in strange women to their matrimonial home.
In her testimony, Olamide, who resides in Idi-Obi area of Ibadan, alleged that Sikiru, nio longer respects their union.
”He is fond of attending night clubs and bringing home strange women. He locks my children and I out of our home.
”He doesn’t cater for the children,” Olamide alleged.
The defendant who consented to the prayer for divorce, refused to speak on any of the accusations made by his wife.
”My wife is a disobedient wife. I have caught her with different charms in my home,” he said.
Chief Ademola Odunade, the court’s President, granted the prayers of Ganiyu and dissolved the marriage.
Odunade, who awarded custody of the three children to Ganiyu, ordered Sikiru to pay monthly allowance of N12,000 for the children’s upkeep.
Fans have continued to express mixed feelings following the introduction of new housemate, Cindy Okafor.
News Agency of Nigeria (NAN) reports that she was introduced in the final phase of the three-day-long BBNaija twist on Thursday evening.
Cindy is a photographer and videographer who runs an online radio and also produces social media comedy skits.
She became the fifth housemate to be introduced this far into the show following Venita Akpofure, Elozonam Ogbolu, Joe Abdallah and Enkay.
While some fans of the show felt Biggie was introducing too many new housemates to the show, others applauded the plan, adding that it would keep housemates on their toes.
Meanwhile, some viewers stated that Cindy, who is a singer and artist, was not Big Brother material and would not fit into the house. Some others, however, disagreed.
@Vee_Vii tweeted, “Viewers: Big brother stop bringing celebs & already made people. Bring the normal people who suffered to audition.
“Same viewers: Why does this Cindy look so dry? She should do and be going. Are you people not mad ni? Cut the girl some slack, she just came. ”
@Annieberry said, “Truth be told its people like cindy that big brother should have selected for his house. Regular and not famous. Not all this ‘I gana wana people’ up and down.”
@Chiadinelson said, “This Cindy is definately not the pepper we asked for ‘she’s looking more like tomato ”
@Gossipboys13 tweeted, “Cindy please go back home #BBNaija.”
@Iizy said, “What if Cindy the new girl steals all their coins b4 they come back? I dont trust her entry and excitement.”
NAN reports that the recent additions bring the total housemates to 19 with Tacha, Mike, Omashola and Jeff up for eviction on Sunday.
The Chief Executive Officer and Managing Director of Mouka Limited, Raymond Murphy had the Honorary Fellow of the National Institute of Marketing of Nigeria (NIMN) conferred on him by the Institute on August 1, 2019.
This award comes on the heels of excellent marketing techniques, sterling service and leadership qualities that Murphy has been credited with.
Murphy received this honorary award alongside other captains of industries such as Uchechukwu Ogah, President , Masters Energy Group, Ifenyinwa Afe, Managing Director for HP Inc. Central Africa, Lateef Bakare, a member of the Board of First Bank, Nigeria, John Ugbe, Chief Executive Officer of Multi Choice Nigeria, among other notable personalities.
Murphy is reputed to be the brains behind the innovative ideas that have shot Mouka into the leadership position in the Nigerian foam and mattress industry. While it enjoys a huge market share, the foam company is also redefining the sector.
Mouka has been reckoned with for adding comfort to life through the provision of sleep solutions that have given rise to the opening of 10 sleep galleries across Nigeria. The company has also developed an extensive distribution network with more than 1,000 branded sales outlets and over 300 third-party distributors across the country.
The producer of foam, spring mattresses and other bedding materials is a proud owner of three production facilities in the country.
Murphy came on board as the CEO and MD of the indigenous foam manufacturing company in mid-2015 after the closure of a Private Equity transaction which saw 90 percent of the shareholding transferred to a private equity firm, leaving the remaining balance of 10 per cent to the original founding family. The company has since recorded feats only few in the private sector can boast of.
Mouka has been listed twice in the London Stock Exchange Group’s Companies to Inspire Africa reports for 2017 and 2019. To be included in the list, companies must be privately owned and show an excellent rate of growth and potential to power African development.
Mouka was also awarded the Mattress Manufacturing Company of the Year at the 2017 edition of The GuardianManufacturing Excellence Award. That same year, the mattress manufacturer also earned another recognition by the African Brand Congress as the Mattress Brand of the Year.
In 2019, Mouka emerged the Foam and Mattress Company of the Year at the Nigerian Real Estate and Property Awards.
Noteworthy, is also the fact that Mouka recently partnered with the prestigious Lagos Business School to organize a leadership training programme for its management staff.
Mouka has been able to attain these enviable heights under Murphy’s watch and leadership.
Preceding the NIMN award, was Murphy’s recognition by Inside Business Magazine as Business Leader of the Year.
Reacting to the honour done him by the Institute, Murphy said : “In many ways I’m honoured and extremely humbled to receive this recognition tonight from such a prestigious institution… I think it’s not necessarily about improving my profile but what I can give back to the Institute in terms of sharing my experience of 3 decades of brand building not just in Nigeria but in other territories across the world.”
He explained further :
“…We have had strong partnerships with advertising agencies, creative agencies, public relations ,media planning and buying agencies and that has significantly increased Mouka’s brand profile over the past 5 years…so it’s about myself and my colleagues and the investment we have made over the past 5 years.”
Having begun his career as Business Development Manager at Sterling Health International in Moscow in 1984, Murphy pioneered the launch of Sterling Health over the counter OTC brands with Panadol as its power brand, in a number of emerging Eastern Europe markets
Between 1990 and 1993, he was Sterling Health’s Business Development Manager for Southern Central Africa and was responsible for the identification of new business opportunities. Murphy implemented successful entry strategies for Nigeria and Zimbabwe and grew sales by 300 percent over a three-year period.
He later joined Gillette International in Budapest Hungary where he served as General Manager between 1993 and 1997. In that capacity, he had the primary objective to seamlessly upgrade the business from third party national distribution to full-fledged local legal entity.
In 1997, he moved over to Indochina Juice Company happy as Chief Executive Officer of a start up project worth an estimated $11.0 million, he was saddled with the responsibility of manufacturing and marketing branded packaged fruit juices of the venture.
Murphy built sales of nearly $5 million during the first year of commercial operations and created two completely new and appealing fruit juice brands for Vietnamese consumers. He also devised a third party logistics solution ensuring cost effective product distribution throughout Vietnam.
In 2001, he became the Managing Director of Cussons Middle East, India and South Asia region and turned around a stagnating business to deliver over 20 percent bottom line annual growth. He restructured operations away from a trading mentality to formally structured marketing led enterprise and replaced under performing distributors and appointed leading distributors in new territories.
As Managing Director of PZ Cussons Nigeria Plc, Murphy was responsible for $100 million of sales with seven factory units and 1,500 employees, and successfully doubled profits to $22 million in three years.
Murphy is a seasoned C-suite leader with in excess of 25 years’ experience in Global Emerging and Frontier Markets.
- Hawk Chinese fabrics in Idumota, Kweri Textile Markets
*Render 30,000 dyers, traders jobless
A fresh strategy in the Chinese weird business model in Nigeria aimed principally at sabotaging the nation’s economy has been uncovered in Lagos. The latest drive has been described by multiple sources in business and security circles, as a direct assault on the nation’s economy and security.
The incursion of Chinese businessmen into Nigeria’s retail market started since early 2000, but their recent audacity of moving out of their trading enclaves (China Towns) and taking over shops hitherto owned by Nigerians, and also hawking their wares from place to place is a recent phenomenon that Nigerian traders are raising the alarm about.
The latest culprit, Zhe Long, owned by two Chinese: Wang Fuzeng and Chen Yuping, has as its main objective: “to carry on business as manufacturer, buyers, sellers, traders, importers, exporters and merchant exporters.”
The company, according to search at the Corporate Affairs Commission, was incorporated in Nigeria on the 11th January, 2018 with an official address at 4, Eric Moore road, Surulere, Lagos.
Investigation revealed that the perfidy from Zhe Long ranges from false declaration, security breaches, tax evasion, forgery, illegal immigration, concealment and customs duty evasion.
For instance, security agencies have discovered that the commercial that sales invoices of the company is not VAT compliance since there are no VAT number and amount declared on the document. This to tax experts, constitutes a serious breach of the law by Zhe Long and its customers.
Apart from this, investigation also revealed that there are about 30 Chinese semi-skilled/manual workers operating in the company. A source in the company revealed that none of these workers has a formal Combined Expatriate Residence Permit and Aliens Card, CERPAC documentation, which is clear breach of the nation’s immigration law by both company and the illegal immigrants.
The CERPAC GREEN CARD is a bonafide document that allows a non-Nigerian to reside in Nigeria and carry out an approved activity as specified in the permit, or to accompany a resident or citizen of Nigeria as a dependant.
In the areas of import and shipping documentations, sources revealed that Zhe has been falsely declaring a chemical known as Polyol as Polyacetals. Polyols are a group of low-digestible carbohydrates derived from the hydrogenation of their sugar or syrup
Polyols react with isocyanates to make polyurethanes, which find use to make mattresses, foam insulation for refrigerators and freezers, home and automotive seats, elastomeric shoe soles, fibers (e.g. Spandex), and adhesives.
On the other hand, polyacetal is an engineering thermoplastic used in precision parts requiring high stiffness, low friction, and excellent dimensional stability. It is among plastic materials, with the most crystalline structure. It is also is known for its good fatigue/creep resistance, low friction and good performance in cold temperature.
Sources at the Customs explained that the reason for this false declaration is that Polyacetals global pricing is US$600/metric tonnes as against US$2,000 Polyol.
Similar to the above, the company is also accused of declaring a chemical called TDI as Toluene. Global pricing of Toluene is US$600 as against TDI’s US$2,300
The consequence of this false declaration according to experts, is duty under-payment and the consequent defrauding of the government of necessary duty and VAT on these transactions.
Aside the loss of revenue accruing to the government, there is major security implication for the false declaration of TDI. Apart from a chemical used in the production of polyurethanes, primarily for flexible foam applications including furniture, bedding and carpet underlay, as well as packaging applications, TDI is also used in the manufacture of coatings, sealants, adhesives and elastomers.
But due to TDI’s potential explosive properties, the material is a controlled substance that requires an End User Certificate, EUC issued by the office of the National Security Adviser, NSA for its importation to Nigeria.
Sources close to the company alleged that presently there is no evidence to support that Zhe Long has EUC for its TDI’s importation, which according to security experts, constitute a serious national security breach.
Meanwhile, a group of traders and dyers in Kano at the popular Kweri Textile Market, under the aegis of Masu Rini Progressive Association, recently held a protest march against the Chinese traders in the market, accusing them of taking over their source of livelihood.
The traders, who marched from Kori Market to the Emir of Kano’s Palace, carried different placards with inscriptions such as: “We don’t want China products in Kano again”, “Government should stop China from exploiting us”, “Chinese textiles are killing our market”.
Addressing newsmen at the Emir’s Palace, the Secretary of the Dyers Association Yakubu Lawal Ishaq, said that the Chinese may soon render over 30,000 dyers and traders jobless if government provides them with the enabling environment they are looking for, which is total takeover of the market.
Yakubu alleged that the China made fabrics had crashed the price of the locally made ones and rendered textile business unprofitable for the indigenous products.
He further lamented that “initially, the Chinese were mainly in the sale of white fabrics and chemicals for the manufacturing of textiles but suddenly they started selling low quality products to us and later they started importing the same textile we produce here. They have also spoilt the price. For instance if we sell for N3000, the Chinese people will sell their own for N2000!”
Although the dyers did not advocate for outright expulsion of the Chinese fabrics in the state, they called for the enforcement of the Nigerian Enterprise Promotion Act and International Trade Policy to regulate indiscriminate infiltration of Chinese fabrics into Kano markets
Speaking to the protesters, the Emir of Kano, Mal. Muhammadu Sanusi II cautioned that they should refrain from any act capable of resulting to violence in the course of agitating over their plight.
While exonerating the Chinese of any blame for the massive importation of their products into the country, and the looming danger of them taking the nation’s retail business, the emir condemned what he described as the Federal Government’s negligence in the handling of illegal goods into the country.
Emir Sanusi, pledged to intervene in the matter, and further urged the local dyers and traders to be patient and to resist any attempt that would lead to untold attack on the Chinese in Kano.
We exclusively learnt that the Chinese traders have taken over every inch of the Kweri market, retailing and hawking imported Chinese fabrics in the market.
A businessman in the market confirmed to our correspondent that the Chinese traders apart from having enough capital to do the business, they have the comparative advantage over the local traders, they Chinese textiles cost less compared with the locally made ones, they also attract more patronage due to their refined texture.
However, in Lagos, Mr. John Obi, a dealer in textile materials at the Idumota Market on the Lagos Island, expressed fear that Chinese traders might soon push them out of the market because, the nationals from the Asian country have started importing them into Nigeria and further taking over the retail of textile materials in Idumota and other markets in Lagos.
“What you see in Idumota now are Chinese porters carrying textile materials on their heads from the wholesale shops to retail outlets in the market.
“If nothing is done to check this development, many Nigerian retailers will be pushed out of the market,” he warned.
Our investigation also show that the Chinese nationals are in their numbers in the markets in Lagos and are slowly taking over the electronic distribution business in the country, including sale of phones at the Ikeja Computer Market.
Our correspondent reports that the Chinese were frequently seen on Lagos streets selling their hair and other beauty products to the final consumers on the Island.
Speaking on the development, a Lagos-based Miner and Financial Consultant, Mr. Mecha Udo said that the activities of the Chinese in the mining sector could even be said to be more alarming than what is happening in any other sector of the economy. He disclosed that the Chinese have taken over most of the mining pits in the country; extracting valuable raw materials which they send to their country for processing.
In Nigeria, as in much of Africa, Chinese investment provokes suspicion. But according to Mr Ye Shuijin, President, China Chambers of Commerce in Nigeria, the quantum of investment in the Nigerian economy by Chinese companies has hit $20 billion U.S dollars. This I from160 Chinese firms operating in the country which also employed over 200,000 Nigerians.
There is also a large population of Chinese people in Nigeria which comprise Chinese expatriates and descendants born in Nigeria with Chinese ancestry. As at 2012, there are approximately 20,000 Chinese in Nigeria.
Like many Nigerians, John Bolton, President Donald Trump’s national security adviser, has accused China of using “bribes, opaque agreements and the strategic use of debt to hold states in Africa captive to Beijing’s wishes and demands”
The Chinese however countered that “Nigeria has the most thieves in the world,” says Thomas Liu, who runs the medicine company, using the sort of uncompromising language that grates from Accra to Kinshasa. “You have to avoid being tricked.”
Chinese businessmen also claimed they have to negotiate past Nigeria’s bureaucratic gatekeepers for permits and licences. “To visit a government official here, you best have around $6,000 to $10,000 with you,” says Mr Ban, a miner. “Otherwise, forget about getting an appointment.”