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$150b Royalty: President Buhari’s Good Fortune

October 16, 2015

If there ever was a time for the government of the day to meet the prevailing revolution with opportunity, to repay the masses for the choice of good over evil, for the battle against backwardness and injustice, for the election of a Corruption Slayer over a Corruption Lover, It is now!

It is no more news that a legacy prevails in the land albeit dormant. The $150 billion couldn’t have had a better time to arrive than the era of Revolution that has ushered in many positive changes.

The Invention of an Anti-Corrosive Paint looks to be the elixir of life our economy that has struggled for many months now needs to strive.

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So sought was the Elixir of life that many alchemist pursued it. The fabled elixir was a ticket to immortality. It was also said to be able to create life. In Ancient China various emperors sought the elixir with varying results of failure. Today in Nigeria, our economy will benefit from such kind of elixir and it comes begging.

The Elixir was invented and born for a noble cause on the 5th of August 1999. The Anti Corrosive Special Paint RP13522 invented by Late. Prof. Emeritus C.J.A Uwemedimo becomes the Elixir of life for our dear country Nigeria. Struggling Nigeria could yet survive the plagues of today blowing away the country like wind on sand.

This Invention is being used by our oil multinationals in the drilling, carting away of our natural resources and our profits. It is an anti-corrosive paint that prevents oil pipelines and other equipment' from rusting away especially offshore where the salty waters highly corrode metal.

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According to the Patent and designs Act, the users or marketers of an invention however applicable must pay royalties to the Inventor. Since the invention of the Anti-corrosive Special Paint, all “infringers” and users of the invention are yet to pay up royalties of more than $150 billion.  The user and “infringer” in Chief happen to be Exxon Mobil.

We looked up to our past successive government for so long to bring an end to poverty by bridging the gap between the rich and the poor but the rich kept getting richer and the poor getting poorer. After decades of oil discovery and exploration, Nigeria remains in a sorry state. The masses are still starving, we don’t have quality education yet, our lands are covered with darkness as stable electricity seem alien, employment is light years away considering the nonchalant attitude of our past leaders, Security was so lax that bomb explosions is now a norm.

Where are the medical facilities deserving of the good people of Nigeria? , road accidents are testament to our deplorable roads full of death traps like military mines. Before we are engraved more into this dystopia, the promising government of the day must look elsewhere and the Patent RP13522 looks to be the Elixir of life that Nigeria needs.

Inventions and innovations during the Industrial Revolution were main contributing factors to the process of acceleration of the industrial development of Great Britain. Its industrial sector benefited from trade protection and other forms of government intervention in the trade flow through the Navigation Act and by means of political power and even military power.

Our Patent and Designs Act has given us an Invention Worth more than $150 billion in royalties of which over $45 billion goes to the pocket of the government as Tax. The effect of such huge income will have immense benefit on our economy. This will also strengthen Intellectual Property Rights in Nigeria and encourage our youths to embark on inventive careers.

Unfortunately, for over 14 years, agents of corruption in the Judiciary such as the recently sacked “Injustice” Gladys Olotu and highly corrupt lawyers who are renowned at defending corrupt politicians have prevented Nigeria from getting access to or benefiting from this provision.

At this time of economic stress, our government must act in defense of the Law, our economy and our Intellectual rights against such agents so as to ensure that all hands are on deck to earn Nigeria this fortune and most especially towards quick dispensation of Justice in Case SC/69/2011 before the Supreme Court over payment of $150 billion royalties.

If there ever was a time for the promising government of the day to meet the prevailing revolution with opportunity, to repay the masses for the choice of good over evil, for the battle against backwardness and injustice, for the election of a Corruption Slayer over a Corruption Lover, It is now!

 

Chief Ken

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