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NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS Wednesday, September 17, 2014

Vol. 1 No. 211

/newtelegraph

@newtelegraph1

www.newtelegraphonline.com

N150

FG loses N17.9bn as strike hits fuel exports, loading lTotal resumes $2.5bn Nigerian oil field sale

Adeola Yusuf

O

il workers in the services of the Nigerian National Petroleum Corporation (NNPC) made

good their threat to begin a strike yesterday, grounding activities of the corporation at crude export terminals and fuel loading gantries.

The NNPC, which is responsible for 57 per cent of the total crude exports and 20 per cent of the 40 million litres of fuel consumed daily in the country,

lost a total of N17.8885 billion on the first day of the industrial action. While a total of N1.9 billion is lost on loading of 20 million litres per day, being

the NNPC's 50 per cent of the 40 million litres daily consumption in Nigeria, a total of about N15. 9885 billion ($106.59 million) is lost CONTINUED ON PAGE 2

GMD, NNPC

Jonathan meets with Boko Haram leaders

lThe secret negotiation in Chad

}3

Quick Read Editorial The Lagos ban on Okada }19 Atiku kicks against automatic ticket for APC presidential candidate }2

Teachers vow not to resume September 22 }4 Mbu, a puppet, says Governor Amaechi }3

L-R: National Coordinator, Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie; Managing Director, Honeywell Flour Mills Plc., Mr. Olanrewaju Jaiyeola and Chairman of the Board, Dr. Oba Otudeko, after the Fifth Annual General Meeting of the company in Lagos...yesterday.

$9.3m seizure: Aircraft is mine, says Oritsejafor LAGOS

Storms

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lCAN accuses APC, El-Rufai of blackmail Lateef Ibrahim and Oluwatosin Omoniyi President, Christian Association of Nigeria (CAN), Pastor Ayo Oritsejafor, has admitted owner-

ship of the aircraft seized in South Africa at the weekend for illegally importing $9.3 million cash into the country for alleged arms deal. Oritsejafor’s Word of

Life Bible Church confirmed holding a residual interest in the embattled Bombardier Challenger 600 with registration number N808HG owned by Eagle Air company.

In a statement issued yesterday by Oritsejafor’s Personal Assistant, Mr. Bayo Adewoye, said: “On behalf of Pastor Oritsejafor, we can confirm that alCONTINUED ON PAGE 5

National Assembly seeks quick end to insurgency }5


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