NEWS
NAN Staff Cooperative Declares over N20m Profit for 2023
Staff Multipurpose Cooperative Society Limitedhas declared N20,334 million as profit after expenses for the 2023 financial year.The President of the society, Mr Stephen Igiewe, announced the amount at the agency’s 12th Annual General Meeting (AGM) in Abuja on Thursday.He said the amount was higher than the N16.
09 million profit after expenses declared in 2022. Igiewe said the profit was realised due to the1 committee’s engagement in vigorous trading during the period in spite the economic challenges. He said the economic challenges affected the declared profit.The president proposed that 69 per cent of the profit representing N14,030 million be declared as dividend and interest.Igiewe said the value of share capital of the cooperative stood at N39,586 million while members’ saving stood at N300,009 million as at Dec. 2023.He proposed that N8,418 million representing 60 per cent of the profit be set aside for interest on savings.Igiewe said that N5,612 million representing 40 per cent of the profit would go to shares which translated to 14k per share.The president proposed that N2,033 million representing 10 per cent of the profit be set aside as education fund.He proposed that N2,033 million representing 10 per cent of the profit be placed in general reserve.”The executive committee embarked on vigorous trading during the period in spite the economic challenges.”The Cooperative shall continue with purchases and sale of food items, electronics and other forms of trade beneficial to members and non-members.”The executive committee continued to invest in money markets, Federal Government treasury bills and fixed deposits, instead of keeping excess cash idle in the current account,” he said.The Managing Director of NAN, Malam Ali Muhammad Ali, said that the cooperative society was necessary for the individual and collective safety of members of staff.Ali said that investing in cooperatives would help the staff to have a life after retirement from service.He advised all members of staff to subscribe to the cooperative to ensure a robust life after retirement.”I am delighted to be here as a bonafide member of the cooperative.”It is only when we come together that we will achieve together.”As Africans, it is only when we have a common purpose that we can achieve a common result.”What you see tomorrow is function of your action of today,” he said.Mr Salako Olusegun, the Deputy Director, Cooperative, Federal Capital Territory Administration (FCTA), said that cooperatives had been relegated to the background.He said the development had left many members unaware of some cooperative issues.Olusegun advised NAN members of staff who were yet to join the cooperative to do so; saying that it was the best alternative to funds after retirement.He said that cooperatives were economy propellers in various countries including United Kingdom, Germany, Kenya and Botswana, among others.Olusegun expressed optimism that cooperatives in the country would get to that international level.Some members who spoke at the meeting appealed to the executives to work toward establishing other businesses to generate more money.Mrs Ese Eniola Williams, a member of the cooperative, commended the executive committee for the profit in spite of the current economic challenges.Willians suggested that the cooperative should engage in the sale of diverse food items, Point of Sale (PoS) to enable members benefit from them.Ms Chidi Opara, also a member of the cooperative, said that venturing into businesses like transportation would open up more opportunities for the society.Mr Waziri Abubakar, suggested that the sharing formula between shares and savings be reviewed. (NAN)NEWS
Clement Koko Assumes Office as CIPPON President
By David Torough, Abuja
Clement Koko has been inaugurated as the President and Chairman-in-Council of the Chartered Institute of Professional Printers of Nigeria (CIPPON), pledging to reposition the institute as a world-class professional body and drive reforms aimed at strengthening Nigeria’s printing and allied industries.
At the inauguration ceremony of the CIPPON Governing Council, Clement expressed gratitude to the Minister of Information and National Orientation for approving the inauguration after a prolonged legal tussle, describing the move as a demonstration of respect for the judiciary and a boost to the institute’s stability.
He also acknowledged the contributions of past leaders of the institute, particularly the immediate past president, Dr.
Niyi Adesoye, whom he praised for his resilience and steadfast leadership during challenging periods in the institute’s history.Koko said his administration would build on existing foundations while charting a new course for professionalism, innovation and unity within the institute. He outlined key priorities, including advocacy for the creation of the Office of the Printer General of the Federation and similar offices in the 36 states and the Federal Capital Territory, or alternatively a Printers Commission, to provide proper oversight and recognition for the printing industry.
The new CIPPON president also announced plans to push for the inclusion of printing as a recognised creative industry, stressing that printing plays a critical role in economic development and deserves greater government attention. He further disclosed that the institute would work with universities and regulatory agencies to introduce Printing Technology or Printing Management as degree programmes in Nigerian universities to address skills gaps and enhance competitiveness.
As part of efforts to chart a sustainable path for the sector, Koko said CIPPON would convene a national summit within the first quarter of his tenure, bringing together stakeholders, industry players and regulators to discuss the future of the printing industry in Nigeria.
Calling for unity, Clement urged members to put an end to internal litigations, noting that the institute’s enabling law provides for dispute resolution through internal tribunals before recourse to the courts. He appealed to aggrieved members to embrace dialogue, emphasizing that collective unity was essential to moving the institute forward after years of setbacks.
Among other initiatives, he announced plans to expand professional training programmes nationwide, institute annual printing industry awards, publish a comprehensive industry report on challenges and opportunities, and deepen engagement with government and other stakeholders. He also unveiled an annual Alhaji Aderemi Mohammed Lawal Memorial Lecture on continuous printing education to honour the founding president of CIPPON.
The ceremony concluded with a minute of silence in memory of the late founding president, after which Clement formally requested the Honourable Minister to declare him duly inaugurated as President of the Chartered Institute of Professional Printers of Nigeria.
Foreign News
Thousands of Drivers Wrongly Fined for Speeding Since 2021
Thousands of drivers could have speeding fines cancelled after a fault saw some cameras falsely triggered on English A roads and motorways.
National Highways said it had found 2,650 wrongful speed camera activations since 2021 due to a delay between cameras and variable speed signs.
Affected drivers will be contacted by police and be reimbursed for any fines while points will be removed from their licences where needed.
Not all camera activations are enforced, so not all of the wrongful activations will have resulted in fines.
National Highways apologised for the error and chief executive Nick Harris said a fix for the issue has been identified.
“Safety is our number one priority.
All drivers should continue observing the posted speed limits as normal. Anyone who has been impacted will be contacted by the relevant police force,” he said.National Highways, which runs England’s motorways, blamed an “anomaly” in how variable speed cameras were interacting with signs on some A roads and motorways.
It meant a delay of around 10 seconds between cameras and relevant variable speed signs, meaning some drivers were incorrectly identified as speeding after the limit had changed.
The body said the 2,650 incidents since 2021 represent fewer than two each day, compared with more than 6 million activations of speed cameras on the affected roads over the same period.
It said the anomaly has impacted 10% of England’s motorways and major A roads.
The fault affects all of the variable speed cameras on smart motorways, and two on the A14 which links the north and the West Midlands to East Anglia.
It is working with police to check activations and promised nobody will now be wrongly prosecuted.
Meanwhile, police forces have stopped issuing fines from variable cameras until they have confidence in their accuracy.
A Department for Transport spokesperson said: “We apologise to anyone who has been affected. Safety was never compromised, and we are working with policing to ensure nobody is incorrectly prosecuted in future.
“Enforcement is still in place, and the public can remain confident that only motorists who break the rules will be penalised.”
Foreign News
French Court Sentences Ex-DR Congo Rebel, Politician to 30 Years in Jail
A French court has sentenced a former rebel leader and politician from the Democratic Republic of Congo to 30 years in jail after finding him guilty of complicity in crimes against humanity more than two decades ago.
Roger Lumbala headed a rebel movement backed by neighbouring Uganda accused of committing atrocities during a period known as the Second Congo War.
The judge said the 67-year-old was found guilty of ordering or aiding and abetting torture and inhumane crimes, summary executions, rape constituting torture, sexual slavery, forced labour and theft.
Lumbala, who was living in France when he was arrested nearly five years ago, has refused to accept the legitimacy of the court in Paris.
He did not attend the trial, which began last month, though he was in the dock to hear the verdict on Monday.
Lumbala also served as a minister in DR Congo’s transitional government from 2003 to 2005 and later as a member of parliament.
Several years later the Congolese government issued an arrest warrant for him over his alleged support for the M23, a rebel group currently active in the eastern DR Congo, prompting him to flee to France.
The Second Congo War, which raged from 1998-2003, involved nine countries, numerous rebel groups and led to the estimated deaths of between two and five million people.
At the time Lumbala led the Rally of Congolese Democrats and Nationalists (RCD-N), which allegedly carried out atrocities during a campaign between 2002 and 2003 called “Erase the Slate”.
The operation targeted members of the Nande and Bambuti ethnic groups in the north-eastern provinces of Ituri and North Kivu who were accused of supporting a rival militia.
A UN team that investigated in its aftermath said it was characterised by “premeditated operations using looting, rape and summary execution as tools of warfare”.
Lumbala’s case was prosecuted under the principle of “universal jurisdiction”, which allows French courts to seek justice related to crimes against humanity committed abroad.
Five non-governmental organisations, including Trial International and the Clooney Foundation for Justice, pooled their expertise to participate in the trial, helping support survivors to testify and requesting expert analyses.
Trial International, a Geneva-based justice campaign group, said 65 survivors, witnesses and experts testified before the court about the Erase the Slate operation.
After the verdict, it issued a statement from two of the survivors – David Karamay Kasereka and Pisco Sirikivuya Paluku.
“We were scared but came all the way here because the truth matters. For years, no one heard us,” they said
“We would have preferred to face Roger Lumbala, to look him in the eyes. But this verdict marks a first step toward reclaiming pieces of ourselves that were taken from us.”
During the trial Mr Kasereka, 41, described how his father and neighbours were tortured and killed by Lumbala’s men.
Paluku, who is a now 50-year-old nurse, told of how the rebels robbed and injured him, killed his uncle and raped his friend’s wife.
“We hope that this will serve as a lesson to those who continue to bring grief to the people of Congo, and particularly to Ituri,” he told the Reuters news agency.
Lumbala’s legal team, which has 10 days to file an appeal, called the sentence excessive. Prosecutors had sought a life sentence.
Eastern DR Congo, which is rich in minerals, has been wracked by conflict for more than 30 years, since the 1994 Rwandan genocide. Several peace deals going back to the 1990s have collapsed.
Over the years a number of other militia leaders, including Thomas Lubanga, Germain Katanga and Bosco Ntaganda, have been put on trial and convicted by the International Criminal Court (ICC) for abuses committed in the east of DR Congo.
Human rights groups welcomed Monday’s verdict as a milestone for further accountability in the long-running conflict there.
“This verdict is historic. For the first time, a national court has dared to confront the atrocities of the Second Congo War and show that justice can break through even after decades of impunity,” Trial International’s Daniele Perissi said in a statement.

