Farida Waziri is Nigeria's new anti-corruption czar.However,her appointment, to fill in the big shoes of Ibrahim Lamorde & the mighty shoes of Nuhu Ribadu, has been trailed by many criticisms.Her most fierce & ardent critics see her appointment as a ploy and/or subterfuge,on the part of some powerful corrupt barons in the country, aimed at destroying the war on corruption vigorously waged by the E.F.C.C under her predecessors.They say her appointment is the final nail on the E.F.C.C coffin.What's your take on this?   

Nigeria's N40bn Satellite Missing from Orbit
By Efem Nkanga, 11.12.2008

The Nigerian Commun-ications Satellite (NigComSat), which was launched into orbit over 18 months ago, is said to be missing.
THISDAY gathered last night that with the satellite missing from orbit, the huge amount spent by the Nigerian government, about N40 billion may have gone down the drain.
The satellite was found to have run into a technical hitch for some weeks now, according to a source, when it was discovered that it was using a technological standard that was not meant for Africa but Asia.
The materials used in the building of the satellite by the Chinese that built it were said to have also been in question.
The solar panel was said to be faulty and not working. All this was being battled with while, the Managing Director of NigComSat, Ahmed Rufai, was said to be angling for the launch of the second satellite.
The contract for the NigComSat project which was signed on December 15, 2004 in Abuja between China Great Wall Industry Corporation and the National Space Research and Development Agency was said to have cost the Federal Government over N40 billion. China was awarded the deal after it outbid 21 international.
The cost of the satellite include items such as construction, insurance, value added tax as well as the price for building one ground control station in Abuja and a backup control station in Kashi, China.
The satellite has four gateways said to be located in South Africa, China, Italy and Northern Nigeria.
The satellite,  which has a lifespan of 15 years, is being  monitored and tracked by a ground station built in Abuja while the Chinese firm, Great Wall Industry Corporation, has a ground station in Kashgar, in northwest China 's Xinjiang Uygur Autonomous Region.
It will be recalled that NigComSat which is  100 per cent owned by the Federal Government, was recently given a 15 per cent stake from the Federal Government's 49 per cent stake in NITEL.
 Nigeria in May 2007 launched NigComSat into orbit with expectations of tremendous gains to the nation's telecoms sector.
The NigComSat is a super hybrid geo-stationary satellite designed to operate in Africa, parts of the Middle East and southern Europe and was expected to digitalise the Nigerian economy and promote technological advancement in Nigeria and Africa.
The expectation from many quarters was that NigComSat's  carrier rocket, Long March 3-B, which blasted off from Xichang Satellite Launch Center in southwest China's Sichuan Province and entered the orbit accurately on May 14, would set the stage for Nigeria to consolidate on its growing profile as the technological hub of Africa and an emerging player in the global terrain.
The satellite project was supposed to enable Internet access to even the remotest rural villages, a major quest of stakeholders in recent times. It was also expected to enhance government's economic reforms, particularly in the areas of e-learning, e-commerce, tele-medicine, tele-education, and rural telephony.
The project, according to experts, was expected to help African users save more than $900 million spent for telephony trunking and data transport services, $660 million in phone call charges and broadband access which is more than $95 million spent each year, as well as create more than 150, 000 jobs for Nigerians.
Rufai had before the launch disclosed that Nigeria would earn about $1.05billion which is N128billion yearly from NigComSat. A major part of the earnings was expected to come in from the sale and leasing of transponders from NigComSat.
Rufai had stated that  each transponder, forty in all will be sold for between $60-70 million. NigComSat currently has forty transponders, with 28 active and 12 inactive.
However despite the huge expectations of Nigerians, NigComSat has not performed to expectations. Rufai at a recent media interaction agreed that  NigComSat had  not been able to capture the market principally because of the challenges it faced from the regulatory authority.
Government sources confirmed to THISDAY the failure of the satellite in orbit. While admitting that the level the failure has gone is  mindboggling, the source disclosed that the Federal Executive Council will meet today on the matter and issue a statement on how the failure will be addressed.

 
INDEPENDENT
 
Nigeria's N32b Communication Satellite Missing In Orbit
By Aaron Ukodie Deputy Business Editor

Nigeria's $311 million (about N32 billion) worth communication satellite, which was launched two years ago is now missing in orbit.

The Nigeria Communications Satellite Organisation (NigComSat), which is managing the communications infrastructure cannot presently account for it. Ministry of Science and Technology (MST), its supervising ministry officials said they were yet to receive official briefing on the missing satellite from NigComSat.

A top official of the MST told Daily Independent Tuesday that the ministry has received unofficial information on the missing satellite, but that official report has not reached the ministry from NigComSat.

Officials at the government owned Galaxy Backbone, one of the major customers of NigComSat said the situation has seriously affected its operation as many government services which are hooked on to it are currently experiencing difficulties from the back-up infrastructure that Galaxy Backbone has resorted to.

The Managing Director of NigComSat, Ahmed Rufai could not be reached to comment on the development.

A called placed to his phone number was not picked up. He even refused to respond to an text sent to that number requesting for his comments on the reported missing satellite.

In the view of Gbenga Adebayo, President of Association of Licensed Telecom Operators of Nigeria (ALTON) who also spoke as an engineer, the reported missing of the Nigerian satellite is unusual. If it is missing, the NigComSat officials should be able to account for it.

He said, for instance what was the last location and communication NigComSat ground equipment received before they lost track of it.

The Nigerian Communication Satellite NIGCOMSAT-1 was launched on May 17, 2007 by a Chinese communication agency to provide broadcasting, phone and broadband internet services for Africa.

China won the bid after beating 21 other bidders in 2004 for the $311m contract to launch the satellite,

The satellite, lofted by a Long March 3-B rocket, is expected to reach its final position in late 2007 and to remain in operation for 15 years. It was lunched at Xichang satellite launch centre, Sichuan province, China. Its deployment for commercial purposes started on July, 6th 2007 with a life span of 15 years, two other satellites are billed to be launched in 2010.It is therefore pertinent to look at its benefits considering the huge investment being made to actualize this project.

The launch has been portrayed as part of a drive to enhance rural access to technology and the internet and boost Nigeria's and Africa's knowledge economy.

NiComSat official have often positioned NigComSat as the needed vehicle that will transform Nigeria's communication services and reduce cost of providing services. They said it will provide a great opportunity in ICT sector for job creation, job opportunities for engineers, technicians, ICT service providers and others.



WHO KNOWS IF THIS SATELITE REACHED THE ORBIT!!!

Wasn't trying to find fault or be a smart azz either. was just curious how he made his first million coz personally I doubt there's anybody in Nigeria who made his/her million legitimately without any form of fraudulent act or exploitation of the Nigerian people.

PS: This is a debate anyone is welcome to have with me cos I have facts and figures on how most of our sooo called millionaires made their first million.

ABI U NO TRUST ME....

maybe we should start imposing on them....