Yoruba, Egun youths clash in Lekki, burn 200 structures-Punch news
Olaleye Aluko 
No fewer than 200 structures were burnt 
on Wednesday in Otodo Gbame, an Egun community in the Lekki Phase 1 area
 of Lagos State, during a clash between some Egun and Yoruba youths.
PUNCH Metro learnt that the crisis started on Sunday, when the Yoruba youths demanded that the residents should relocate from the area.
It was gathered that the Egun community 
insisted that residents would not leave their houses, tagging the youths
 as hoodlums and land grabbers.
Our correspondent gathered that the 
crisis came to a head on Wednesday when the Yoruba youths set fire to 
the structures in the area at about 8am.
The action was said to have triggered a clash between the youths of the Egun community and their Yoruba counterparts.
Two persons were said to have been 
injured during the clash, while the area was quickly deserted as the 
fire raged. Some residents reportedly salvaged their property from the 
fire and fled.
It was learnt that policemen from the 
Rapid Response Squad, the Maroko division and the Area J Command, Ajah, 
went to the area to restore normalcy.
A policeman on the team said an abandoned two-day-old baby was rescued from one of the burning structures.
He said, “When the structures were set 
ablaze, the mother and the father of the baby fled. It was the cry of 
the baby that drew the attention of policemen to that room. The baby was
 locked inside the house. The baby was rescued and reunited with her 
parents.”
“Nobody was killed, but about three persons were injured. The entire community was razed.”
A resident, who identified himself only 
as Hunsu, said, “The crisis started on Sunday. Some people came and said
 they had bought our land and we should relocate. We did not know that 
the hoodlums would go to this extent.
“The crisis escalated on Wednesday when 
they invaded the community and set fire to our property. All my 
belongings are gone. My wife and children are homeless.”
Our correspondent learnt that the state 
Commissioner of Police, Fatai Owoseni, went to the area around 2pm and 
held a peace meeting between the leaders of the two groups.
The Lagos State Police Public Relations 
Officer, SP Dolapo Badmos, said five suspects were arrested in 
connection with the crisis.
She said, “The command received a report
 that the Egun and Yoruba communities were engaged in a serious brawl 
over land issue. Upon receipt of the information, the command operatives
 from the RRS and men of the Area J Command moved in. Some shanties 
being occupied by the residents were set ablaze by the warring factions.
“A baby was rescued from the one of the 
houses. Five suspects were also arrested in connection with the fracas. 
The CP visited the scene and promised that everyone involved in the 
clash would be duly prosecuted.”
                
After stunning upset: 
How Trump’s victory’ll affect Nigeria – Experts
On November 10, 201612:30 amIn Headlines, NewsComments 
ABUJA—THE election of Mr. Donald Trump of the Republican Party as the 
45th President of the United States of America, yesterday, provoked an 
avalanche of questions from local and foreign experts.
There were uncertainties over how his presidency will affect the 
country’s economy, crude oil price, Nigeria’s main revenue earner; her 
nationals in the US, aid to developing countries, including Nigeria and,
 of course, international politics.
Contrary to pre-election opinion awarding victory to the Democratic 
Party Candidate, Hillary Clinton, the President-elect secured 276 
Electoral College votes against Clinton’s 218, to emerge victorious.
Demonstrators hold placards that read "No to racism, no to Trump" during
 a protest outside the US Embassy in London on November 9, 2016 against 
US President-elect Donald Trump after he was declared the winner of the 
US presidential election. Political novice and former reality TV star 
Donald Trump has defeated Hillary Clinton to take the US presidency, 
stunning America and the world in an explosive upset fueled by a wave of
 grassroots anger. / AFP PHOTO
Demonstrators hold placards that read “No to racism, no to Trump” during
 a protest outside the US Embassy in London on November 9, 2016 against 
US President-elect Donald Trump after he was declared the winner of the 
US presidential election.
Political novice and former reality TV star Donald Trump has defeated 
Hillary Clinton to take the US presidency, stunning America and the 
world in an explosive upset fueled by a wave of grassroots anger. / AFP 
PHOTO
Trump’s victory elicited words of salutation from President Muhammadu 
Buhari, who said he looked forward to working with Trump, who would be 
sworn-in on January 20, 2017.
Other Nigerians, who spoke on Trump’s election, yesterday, included 
Senate President, Bukola Saraki; Aare Afe Babaloa, SAN; Governor Ayo 
Fayose of Ekiti State, Professor Bolaji Akinyemi, Ambassador Dapo 
Fafowora, Professor Ibrahim Gambari and Chief Guy Ikokwu, among others.
I look forward to working with Trump – Buhari
President Muhammadu Buhari,while congratulating Mr. Trump on his 
victory, yesterday, said he would work with the U.S. President-elect.
A statement by Presidential Spokesman, Mr. Femi Adesina, said:  “On 
behalf of the Government and people of the Federal Republic of Nigeria, 
President Muhammadu Buhari congratulates President-elect Donald Trump on
 his victory in the United States presidential election.
“President Buhari also congratulates American citizens on the outcome of
 the election, which was keenly observed by all true lovers of democracy
 and those who believe in the will of the people.
“The President looks forward to working together with President-elect 
Trump to strengthen the already established friendly relations between 
both countries, including cooperation on many shared foreign policy 
priorities, such as the fight against terrorism, peace and security, 
economic growth, democracy and good governance.
“As Mr Trump prepares to assume the position of the President of the 
United States, President Buhari extends his good wishes to him on the 
onerous task of leading the world’s strongest economy”, the statement 
added.
We’ll  work together— Saraki
In his own reaction, Senate President, Dr Bukola Saraki said yesterday 
that he will work with the President-Elect of the United States of 
America, USA, Mr. Donald Trump.
In a statement he personally signed, Saraki who congratulated Donald 
Trump over his victory, said: “I look forward to working with 
President-Elect Trump to continue the strong US-Nigeria relationship and
 to address our mutual interest in defeating global terror networks, 
rooting out corruption and strengthening the institutions of 
governance.”
“Mr. Trump’s years of being a private sector leader can be invaluable to
 Nigeria as we work to restructure and diversify our economy. It is 
important for the private sector here to have a larger role in expanding
 our economic base, creating jobs and fostering entrepreneurship. In 
these areas, I am sure he will be able to serve as a strong partner.”
Surprise, lesson for Nigeria – Ikokwu
Chief Guy Ikokwu said Trump’s victory took Nigeria and the rest of the 
world by surprise because, apart from being an outsider in the race, he 
is not a public servant, politician or among those in the corridors of 
power. “It shows that sovereignty belongs to the people and not public 
officials. Nigeria has a lesson to to learn.’’
To benefit from Trump’s presidency, he said Nigeria must strive for 
meritocracy, ensure job creation, diversify our economy, restructure the
 polity and give the zones fiscal autonomy so that  “we will be able to 
make tremendous progress and end squalor.”
A lesson for Nigerians — Fafowora
Ambassador Oladapo Fafowora, former Nigerian Ambassador to the UN, 
however, said Trump’s victory was a lesson to Nigerians and Africans to 
remain in and contribute to the development of their countries.
Fafowora said Africans needed to reduce their reliance on world economic
 powers, adding that “there is nothing in his background to suggest he 
has any durable interest in Africa. I think it is a lesson for 
Nigerians; people should stay here and make contributions in developing 
our country.
US may cut aid to developing nations  – Industrialist
An industrialist, Chief Tomi Akingbogun, said, yesterday, that there 
might be less foreign aid from the American government to developing 
nations like Nigeria, given Trump’s victory.
Speaking in Abuja, Akingbogun said with Trump’s triumph, developing 
nations in the world might witness less support from the new government 
in terms of grants, considering the conservative orientation of the 
Republicans.
He said the policies and programmes of the new government might not be 
favourable to Nigerians and other immigrants, based on the campaign 
speeches of the President-elect.
“America might play a lesser role in assisting developing countries by 
coming to the help of  needy nations. That means we in Africa will be on
 our own; that means there might be less foreign aid from the new 
government. If that happens, it is an opportunity for Nigerians, who 
have become very successful in America to return home and support the 
rebuilding of the economy.”
He said Nigerians have contributed to the building of the American 
economy over the years, noting that it was time for them to return and 
help salvage the nation from recession.
It will affect Nigeria positively — Security expert
A security consultant, Ibrahim Garba, said Trump’s election will affect 
Nigerian professionals positively.
Decrying the attitude of Nigerians, who project the image of the country
 in bad light, he said Nigerians needed to change their business 
orientation to reflect positive ideas in the new era.
NEW YORK, NY - NOVEMBER 09: Republican president-elect Donald Trump 
along with his wife Melania Trump (Center-R) greet people in the crowd 
after delivering his acceptance speech at the New York Hilton Midtown in
 the early morning hours of November 9, 2016 in New York City. Donald 
Trump defeated Democratic presidential nominee Hillary Clinton to become
 the 45th president of the United States. Mark Wilson/Getty Images/AFP
NEW YORK, NY – NOVEMBER 09: Republican president-elect Donald Trump 
along with his wife Melania Trump (Center-R) greet people in the crowd 
after delivering his acceptance speech at the New York Hilton Midtown in
 the early morning hours of November 9, 2016 in New York City. Donald 
Trump defeated Democratic presidential nominee Hillary Clinton to become
 the 45th president of the United States. Mark Wilson/Getty Images/AFP
“This would affect Nigeria because things would be more competitive; 
Trump is a man who knows about your money; he does not throw money 
around. For you to do any business in America you have to be serious. 
From a business perspective, if Nigerians know what they are bringing to
 the table and it’s of value, Donald Trump will approve it.”
Trump: Victory for America’s ugly side
International relations experts have described the victory of U.S. 
President-elect, Donald Trump, as a surprise that will bring uncertainty
 to international politics.
The experts told the News Agency of Nigeria in Abuja, yesterday, that 
Trump does not have experience and expertise in international affairs.
Bolaji Akinyemi, a professor of political science, described Trump’s 
victory as a worrisome development.
Professor Akinyemi, a former Minister of Foreign Affairs, said: “It 
brings uncertainty into international politics because the world now has
 to deal with a man, who is inexperienced, does not understand the 
complexities of international politics and has no respect for anyone who
 is not white or American. I think that is dangerous.”
Be prepared, says Gambari
Former Under-Secretary-General of the United Nations, Professor Ibrahim 
Gambari, expressed optimism that U.S. laws and institutions would 
protect Nigerians and Africans in the U.S., stressing, however, that 
“clearly, we should be prepared.”
He also advised the leadership of Nigeria and Africa to promote policies
 in the interest of their citizens. Gambari said such interests would 
encourage development and reduce the flow of African citizens to western
 countries.
“As Africans, we have survived slavery, colonialism and apartheid. I 
think the strength of the African people will enable us to survive any 
negative consequences arising from this result.”
OPEC’s job has just got tougher – Yergin
Pulitzer Prize-winning U.S. oil historian, Daniel Yergin, said OPEC’s 
job of trying to prop up oil prices just got harder with the election of
 Trump.
Yergin told the media that the 14-country oil producing cartel may have 
to battle a sourer outlook for the global economy and weaker demand for 
crude.
Former Democratic US Presidential candidate Hillary Clinton speaks to 
supporters at the New Yorker after her defeat last night to Donald Trump
 on November 9, 2016 in New York. / AFP PHOTO
Former Democratic US Presidential candidate Hillary Clinton speaks to 
supporters at the New Yorker after her defeat last night to Donald Trump
 on November 9, 2016 in New York. / AFP PHOTO
He said: “Buckle up your seat belts for a more turbulent and uncertain 
global economy ahead.”
Yergin, who is also Vice Chairman of IHS Markit Think Tank, said “the 
outcome of the U.S. election has added to the challenges of oil 
exporters because it will lead to weaker economic growth in an already 
fragile global economy. And that means additional pressure on oil 
demand.”
Oil prices fell almost four per cent early, yesterday, but recovered 
slightly to trade at around $46 per barrel later in the day.
Stock market falls by N65 billion
Trump’s election appeared to have had immediate impact in Nigeria as 
transactions in the Nigerian Stock market declined further, with 
investors losing another N65bn at the close of trading, yesterday.
The development tallied with trading results from other advanced markets
 that reacted negatively to the results of the US presidential election.
Though the equities market has been on a downward trend in the past 
three weeks, some market operators argued that the losses were as a 
result of the outcome of the election.
At the end of trading session, the market capitalisation declined from 
N9.076 trillion to N9.011 trillion, representing 0.76 per cent decline.
Also, the All Share Index, ASI, slumped by 0.76 per cent to close at 
26,173.69 from 26,364.27 points. Sectoral analysis showed that the Oil 
and Gas sector closed the day higher to top gainers’ chart with a gain 
of 0.1 per cent on account of price appreciation in Oando Plc, which 
returned 0.9 per cent. Conversely, the financial services sector trailed
 with a negative daily return of 2.5 per cent, on account of sell-offs 
in companies like Access Bank Plc, which fell by 4.6 per cent, Guaranty 
Trust Bank (-3.5 per cent) and Zenith International Bank Plc 2.8 per 
cent.. The consumer goods sector followed with a loss of 0.3 per cent 
underscored by profit-booking in PZ Cusson Plc which fell by 8.4 per 
cent, Flour Mills of Nigeria Plc five per cent and Nascon Allied 
Industries Plc 4.9 per cent, while the industrial goods sector traded 
flat.
According to analysts at United Capital Plc, sentiment is expected to 
remain mixed in today’s trading session, “albeit with a bearish 
undertone as bullish triggers remain scarce.”
Read more at: http://www.vanguardngr.com/2016/11/stunning-upset-trumps-victoryll-affect-nigeria-experts/
Read more at: http://www.vanguardngr.com/2016/11/stunning-upset-trumps-victoryll-affect-nigeria-experts/
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