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Thursday Thrusts: $350BN opportunities available in Africa yearly

A study has put a monetary value to sustainable innovations as well as new opportunities in Africa, stating that the continent can deliver $350 billion per year in extra revenue and cost savings. Global management consulting company, Accenture and a voluntary coalition of South African and multinational companies known as the National Business Initiative (NBI) Wednesday released the report on the continent titled: “Reimagining Africa’s Future: A Blueprint for Sustainable Business in Africa” at the ongoing World Economic Forum (WEF) in Cape Town, South Africa. Whew! To imagine that African heads of state have been frittering away such potentials for decades? Let’s all sit up and stop getting pushed around by roguish dictators and military despots. Africa arise!

The Senate yesterday made a mockery of the laborious task of legislation when it passed 46 bills in ten minutes by sidestepping the lawmaking procedures as well as its standing rules. The procedure for lawmaking stipulates that a bill must past through three phases – the first reading, second reading and third reading – before it can be passed. However, the parliament which will round off legislation in the Seventh Senate today, received the bills from the House of Representatives and passed them without observing the procedural rules. In sheer aberration, the senators did not set their eyes on any of the bills before passing them. The passage was the fallout of a motion moved by the Chairman, Senate Committee on Rules and Business, Senator Ita Enang. It is a clear case of lawmakers becoming lawbreakers. Obviously, under David Mark and Tambuwal, the National Assembly busied itself with the needless and at the ninth hour, hurried to do the needful. Shame.

More revelations have been made at the ongoing trial of bankers involved in the re-circulation of mutilated currency notes meant for briquetting running into over N8 billion, as the court yesterday was told how some of the suspects allegedly purchased properties in South Africa, invested in several housing estates and fuel stations in Nigeria, and operated fat accounts domiciled in local commercial banks. The Central Bank of Nigeria (CBN) had in September last year invited the Economic and Financial Crimes Commission to unravel the alleged racket, which started as far back as 2011 in the Ibadan branch of the central bank, with a view to bringing the culprits who had acted in collusion with officials in commercial banks to justice. Six middle-level staffers of the CBN who were alleged accomplices in the racket had either been dismissed or put on indefinite suspension, according to the CBN.

The idea of designing a mobile browser first struck them when they were in nursery school. Today, in Year Nine and Year Seven respectively at Greensprings School, Lagos, Osine and Anesi Ikhianosime, have developed a mobile web browser, the Crocodile Browser Lite, which they have also improved upon. Launched on Mobango app store, they migrated their product to Google Play Store to shore up patronage because they needed to be seen and patronised by a larger online audience. The teenagers who have also developed some 2.5D games, believe the sky is their starting point, just as they revealed that they were also developing apps that would be capable of solving real social problems like helping motor traffic and enhancing communication.

Some thugs loyal to Ekiti State Governor, Ayodele Fayose, on Wednesday descended on The PUNCH Correspondent in Ekiti State, Kamarudeen Ogundele, beating him to stupor while on official duty. The thugs, who continued to lay siege to the House of Assembly Complex and all roads leading to the state capital, attacked him around noon on Bank Road, very close to a road-block mounted by the police near the Assembly complex. He had gone to gauge the mood in town when the thugs descended on him for trying to take the picture of women praying for peace in the state, about 200 metres away from the Assembly complex.

Amnesty International has called on President Muhammadu Buhari and the International Criminal Court in the Hague, Netherlands to investigate some former and serving Nigerian service chiefs for war crimes. The crimes, according to the global civil rights organisation, were perpetrated during the fight against Boko Haram in the North-East between March 2011 and 2014. It said in its report, entitled, “Stars on their shoulders, blood on their hands: War crimes committed by the Nigerian military,” that no fewer than 8,000 persons were “murdered, starved, suffocated and tortured to death “in the North-East during the period. AI added in the report which was presented in Abuja on Wednesday by its African Director (Research and Advocacy), Netsanet Belay, and Senior Director of Research, Anna Neistat, that it had “compelling evidence” for the investigation of the former and serving service chiefs as well as “mid-level and senior-level military commanders.” Do you really get it? Ms Neistat is saying the military killed people during its pustch on Boko Haram. And who in Amnesty International will probe Shekarau and his Boko Haram army said to be in the thousands?


Welcome to Thursday June 4, 2015 and enjoy our other news and views of today – HAMILTONSTYLE.


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