THE
DAILY
TIMES
NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
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Forgery trial: FG lists 90 YEARS OF 10 Senators against JOURNALISM Saraki, Ekweremadu Ï 9Ɛ & è RƉƑƗƑè G Ɠ è L Ə Ƈ è 6Ƒ ƊƑƕƈè ƇƈƒƆ Ɛ ƆƏ Senators listed as witnesses against accused persons ÏÏÏNo fewer than 10 Senators have been listed as witnesses by the Federal Government in the case of forgery of Senate Standing Rule
preferred against the Senate President, Dr. Olusola Saraki; his Deputy, Senator Ike Ekweremadu; and two Continued on page 6
MONDAY, JUNE 27, 2016 VOL. 2. NO. 139
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15 States going bankrupt, IGRs below 10% of FAAs
Ï ƄƆè ƌƇ Ə è &ƊƈƐƈè Ə è EƆƄƄƈè j Ə Ƅ è M Ə Ɠ è Ɨ ƌ Ɠ è 1 ƌƄƆè Cƈ Ɠ è Ƒƅ ƈè 9ƌ è E Ɛ ƈ è Mƈ ƆƏ Ɨ d Ɗ Ɛ ƇƇƆƅƐƆƗ Ï `Ɔƍ ƏƐ ƈ Ɨƈƅ ƐƆ G Ɔ ƆƏ ƐƆ ƌ ƏƆ 91` Ɛ Ƣƾ Ɛ ƐƆ ƅ ƌƄƈ ƆƗì `ƈƒƆƏ è #ƆƋƐ è R Ƒ Ɨ &Ɨ ƒƆ Ɨ ƈ ƐƆƏ Ƌ ƏƆƒƆ ƑƆ Segun Adio
ÏÏÏFifteen states of the federation are on the
verge of bankruptcy, an analysis of their Internally Generated Revenues (IGRs) against their Federation Account Allocations (FAAs)
has indicated. The analysis, made by an economic intelligence magazine, show that the IGRs of the said 15 states in 2015 were far below 10% of their FAAs in twelve months, from June 2015 to May 2016, which signifies one year of Presi-
dent Muhammadu Buhari’s administration. According to the analysis by the magazine, Economic Confidential, the IGR of Lagos State of N268bn is higher than that of 32 States combined together, excluding Rivers, Delta and Ogun States whose IGRs are very impressive.
The 32 other states merely generated a total of N257bn in 2015. The latest report on IGR reveals that only Lagos State generated more revenue than its Continued on page 6
CHANGE READY TO TAKE-OFF: Gé`ë ^ƏƆ ƈƗƆ Ɛ LƑ ƌƌ ƗƑ Ƒ Əƈì Ƅ ƅ ƈƏ # ƒƈƗ G Ɠ Ƌì Ƒ ƈƗƆ ƐƈƇƈƆƗ ƈƗƆ Ɨ ƈƏƌ Ƈ ƋƋ ^Ə ƏƆ ƈƒƆ ƏƆ æ ^ çè ƈƆƇ C RƗƈ ƈƆéRƕƆ Ƒ ƈ ƈƏƅƏ ƇƐ ƗƑƏƈ Ɛ Ɔ ^ƏƆ ƈƗƆ Ɛƈ Ƌ ƅ ƌƍ ƈ ƒƆƏ ƕƆ Ə ê Ƒ Əƈ ƅ ƌƍ ƈ ƆƗ Ƒ ƈ Ɛ Ɔ ó Ɔô ƌ ƐƏ ê R Ɔ ƕƆ Ə ƈ Ɛ Ɔ ƗƗƋƆè Ɨ Ɛ Ɔ Ɨƌƈ ƈ ƐƏ Ɛƈ ƄƆ ƈ ƈƌƍƋƆƌƆ Ɛ Ɛƈ Ƈ ƈƐ ƇƈƏ Ɛ ƑƗ ƆƐè ƈƐ ƅƆƏƐ ƈ Ƌƕ Ƌ Ɗ ƋƈƊƆ Ɛ Ɔ ó Ɔô ƈ Ƅ ƑƐ Ɛ Ɛ ƊƆé ƇƇê PHOTO: Olu Jinadu
Doctors Without Borders discovers thousands of graves in Borno IDPs camp 6
Afenifere raises the alarm over alleged plot seize, distablise Yorubaland 12
NSE QUICK BITE
GAINERS AS AT 24th June, 2016 GLAXOSMITH
22.12
2.05
10.21%
FIDSON
2.22
0.20
9.90%
LOSERS FCMB
1.68
-0.09
-5.08%
ETERNA
2.87
-0.15
-4.97%
NNPC’s $39.5m annual pipelines protection contract led to more oil theft – Report
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