Wednesday 6 November 2013

Fake drugs: Lawmakers prescribe life jail for offenders

"I don't believe in an eye for an eye but there are some offences that ticks the box, anyone selling fake drugs is a murdered"

The House of Representatives has proposed stiffer penalties for manufacturers, marketers and hawkers of counterfeit and fake drugs in the country.
Penalties can go as high as life imprisonment or a fine of N10m or both for manufacturers on conviction while those who engage in marketing such drugs and unwholesome processed foods, risk seven-year jail term or a fine of N5m.
These provisions were the highlights of a bill, which passed second reading at the House on Tuesday.
The “Bill for an Act to Amend the Counterfeit and Fake Drugs and Unwholesome Processed Foods (Miscellenous Provisions) Act, Cap. C34, Laws of the Federation 2004 to Increase Penalties for Offences under the Act” was sponsored by a lawmaker from Akwa Ibom State, Mr. Bassey Dan-Abia.
Danbia argued that the current penalties for offenders were mild and that they allowed the offenders to get away with the serious crime of murder.
Dan-Abia, who described those who engaged in the act as “killers”, “murderers” and “destroyers of human lives,” said some of the extant provisions were as low as two-year jail term or a fine of N500,000.
Another lawmaker, Mr. Haruna Kigbu, told the House that people died daily due to intake of counterfeit and fake drugs.
“When the patient is sick and at the point of death what you need are drugs that can help their situation. But, when the drugs administered are fake, certainly the patient will not recover,” he stated.


Transcorp to raise Ugheli plant’s capacity to 1,500MW

"So many good news coming out of the new power sector in Nigeria, the competition has began" More power to the people.

The core investor in Ugheli Power Plc, Transcorp Nigeria Plc, has pledged to raise the capacity of the power plant from 900 megawatts to 1,500MW within three years.
The Chairman of Transcorp, Mr. Tony Elumelu, made the pledge while receiving the handover documents of the company, according to a statement made available to our correspondent in Abuja on Tuesday by the Head of Public Communications, Bureau of Public Enterprises, Mr. Chigbo Anichebe.
Elumelu also said that Transcorp Ughelli Power had huge plans for the host communities in terms of corporate social responsibility, among which were the establishment of a football academy to be managed by one of the leading European soccer training institutes; and establishment of an integrated petrochemical plant, health care facilities and the provision of street lights.
 At the event, Vice-President Namadi Sambo, who is also the Chairman, National Council on Privatisation, said the participation of the private sector in the electric power sector reform programme would bring about higher generation capacities through the provision of more efficient and cost effective power stations and improvements in distribution, transmission networks, billing and collection of revenue.
Represented by the Minister of Labour and Productivity, Chief Emeka Wogu, Sambo pledged the Federal Government’s commitment to creating the enabling environment that would give incentives to private sector investors to take on challenges.
In his address, Delta State Governor, Emmanuel Uduaghan, noted that the handover of Ughelli Power Plc was the greatest thing that had happened to the state in recent history.
He promised the state government’s support to ensure that the plant was quickly turned around.


EVENT: Wande Coal performing live at GTCrea8 Concert UK. Friday 15th November 2013!

" Hey, I have tickets to give out for this concert! leave a comment on this blog to win a ticket!"

On Friday, 15th November, 2013. Guaranty Trust Bank plc will be hosting an event for students in the United Kingdom. The Bank is working with African and Caribbean Societies in various Universities across England to celebrate Black Heritage and to provide an unforgettable evening of music laughter and dance.

GTBank has over the years celebrated students in Nigeria through its undergraduate focused product; GTCrea8. As one of our initiatives to reach out to students in Diaspora, this event will help unite students from around the world in a relaxed and entertaining environment. The event is scheduled to hold at Indigo 02 Arena, London at 7pm.

Confirmed artistes for the night are Award Winning African Music Entertainer, Wande Coal; UK based artiste Lola Rae, DRB, Comedians and a Live DJ for the after party. Admission to the launch party is free for students with ID cards.

Twitter: @Gtcrea8concert
Fb : Gtcrea8concert
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E - Report - Don Jazzy and Wande Coal clashes!

"Its such a shame that what should have been the biggest record label out of Nigeria and even Africa, Mo'Hits has disintegrated into this"

Don Jazzy and Wande Coal on war path!

Two versions of a new song by Wande Coal titledBaby Face are at the centre of a brewing altercation between the Afro pop singer and his erstwhile boss, Don Jazzy of Mavin Records. Our correspondent gathered that after listening to the song, which was allegedly released barely two hours earlier, Don Jazzy went on Twitter claiming that it was stolen from him by Wande Coal.
An indignant Don Jazzy claimed the song was a studio demo that he made about a year ago. He allegedly accused Coal of disrespecting him by going ahead to record and release the song to the public without give him due credits.
“How long will I continue to sweat and some people will choose to steal from me? I am nice and easy going does not mean you should disrespect me,” he tweeted.
Then in another tweet that seemed to suggest that he was displeased with some of his fans for keeping quiet while his intellectual property was being infringed, the music mogul said, “I honestly expected you all to come at me for being childish. But enough is enough. Even if I send my legal team on him you will complain too. I can decide to shut him down with one call. But didn’t. All I ask for is “give me my credit” and nothing else.”
Evidently Don Jazzy’s claims did not go down well with Wande Coal. The latter was hurt by the fact that the Mavin Records boss had to express his feelings on Twitter. He tweeted a message, accusing Don Jazzy of trying to bring him down.
“After these years of being loyal to you, I can’t believe that you will ever say this to me and trying to bring me down on Twitter. You have my phone number, email address and my DM to communicate with me, but you chose the Twitter attention syndrome. I served for 10 years. Why are you unhappy with my progress? Is it bad that I kept quiet and moved on with my life?”


Grow Your Business - When Hiring, First Test, and Then Interview

Many service companies rely on skilled, personable employees to satisfy customers, but finding them can be costly; in some industries the annual churn rate exceeds 50%. Weak labor markets and click-to-apply online applications increase the burden on companies, which may get hundreds of applicants for a single opening. Consider the British call center industry: In 2012, 7 million people applied for 260,000 jobs.
Most companies have a standard hiring regimen: Recruiters start by reviewing résumés, move on to phone or face-to-face interviews with the most promising candidates, and then draw on various tests, often including psychometric tests, to determine which applicants are the best fit.
Our research suggests that this approach is backward. Many service companies, including retailers, call centers, and security firms, can reduce costs and make better hires by using short, web-based psychometric tests as the first screening step. Such tests efficiently weed out the least-suitable applicants, leaving a smaller, better-qualified pool to undergo the more costly personalized aspects of the process.
The test-first approach makes sense for several reasons. Evidence suggests that many more applicants today—by some estimates, nearly 50%—embellish their CVs than did so in the past, reducing the utility of résumés as initial screening tools. At the same time, the advent of web-based psychometric tests has made testing less expensive and more convenient. And recent research across industries shows that these tests are good predictors of performance.
We have studied how a variety of industries use the Dependability and Safety Instrument (DSI), an 18-question online assessment developed by the British test publisher SHL (which employs two of this article’s coauthors). A UK energy company concerned about absenteeism gave the DSI to 136 new employees and tracked their absences over the following six months; it found that workers who scored in the highest 30% of the group were 2.3 times as likely to have perfect attendance as workers who scored in the bottom 30%. A security company gave the test to 72 drivers and learned that the bottom 30% had five times as many accidents in six months as the top 30%. Research in hotel, customer service, retail, and video outlets in Australia and Europe has yielded similar patterns.
Other tests also show great promise. For example, a large UK-based supermarket chain recently began using a customized online situational judgment test to screen out the bottom 25% of applicants before reviewing CVs. Because the candidates called in for interviews were therefore better qualified, the average number seen for each successful hire fell from six to two—saving 73,000 hours of managerial time.
Some other firms have begun using tests in this way, but the practice is still fairly uncommon: Globally, companies spend less than $750 million a year on psychometric testing. If more service firms took this approach at the start of the hiring process, they would reap a better workforce and streamline a function that consumes enormous resources.

by John Bateson, Jochen Wirtz, Eugene Burke, and Carly Vaughan

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