30th oct 2014

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NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS Thursday, October 30, 2014

Vol. 1 No. 254

/newtelegraph /newtelegraph

@newtelegraph1 @newtelegraph1

www.newtelegraphonline.com www.newtelegraphonline.com

N150

Jonathan picks nomination form today }8

Stockbrokers plan strike over N300m capital base Godson Ikoro and Chris Ugwu

S

tockbrokers have decided to down tools and shut the market for at least 48 hours if the

Securities and Exchange Commission (SEC) did not back down on its decision to jack up their capital base from N70 million to N300 million. According to a source,

the decision was part of resolutions at a recent meeting held by the Association of Stock broking Houses of Nigeria (ASHON). Though the source was

not specific on the date for the commencement of the strike, he said yesterday that the association was considering going on strike in November. He added that the body

was also considering seeking redress from industrial court if the apex market regulator insists on going ahead with the recapitalisation. According to the

source, the market has been dropping to unprecedented level due to recapitalisation fever that has engulfed the bourse as the December 31 deadline CONTINUED ON PAGE 5

Boko Haram captures defence chief’s hometown Chief of Defence Staff, Alex Badeh

lAttacks military barracks, frees prison inmates }5

Quick Read Editorial

The quest for more efficient police }19 Court restrains Abia PDP primaries committee }47 PDP disqualifies non-Eket aspirants from Akwa Ibom guber race }6

L-R: Vice-President Namadi Sambo; Captain of Super Falcon, Evelin Nwabuoku; Minister of Sports, Dr. Tamuno Danagogo; President Goodluck Jonathan and Chief Coach, Mr. Edwin Edem, during the presentation of the African Women Football Tournament’s trophy to the president in Abuja... yesterday. PHOTO: TIMOTHY IKUOMENISAN.

PDP lawmakers plot Tambuwal’s removal Philip Nyam and Johnchuks Onuanyim

T

he Peoples Democratic Party (PDP) caucus in the House

of Representatives yesterday met to plot how the party could regain the leadership of the legislature that it lost following Tuesday’s defection of the Speaker,

Hon. Aminu Tambuwal, to the All Progressives Congress (APC). The lawmakers, however, acknowledged that it would be a daunting task

for them to unseat Tambuwal, in view of the support he enjoys among his colleagues and the inability of PDP members to muster the required two-thirds

majority to force him out. Also yesterday, Tambuwal made his first appearance at an APC event, where he was formally adCONTINUED ON PAGE 6


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