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Vol. 1 No. 281
Wednesday, November 26, 2014
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How I survived Cancer, by wole soyinka
Naira crashes further lCBN devalues it, raises interest rates Ayodele Aminu and Abdulwahab Isa
T
he Central Bank of Nigeria (CBN) yesterday took mea-
sures to stem losses to the nation’s foreign reserves and speculation against the naira by depreciating the currency and raising benchmark interest rates
for the first time in three years. The CBN, which raised interest rate by 100 basis points to 13 per cent, also hiked the cash reserve ra-
tio (CRR) for private sector bank deposits to 20 per cent, from 15 per cent. The benchmark interest rate of the CBN, othCONTINUED ON PAGE 2
NEW TELE
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Open For
WEDNESDAY , NOVEMBER
um Olujobi: We’ve merc impunity in powe hant of r
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26, 2014
Crisis in
Eki
ti Olayinka: Lawmaker make Ekiti s ungovern plot to able
Parliam
ent
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Politics P
The legi slat a critical ure play role in any democra tic hence its framework; prime plac in represe e ntative governanc e. But des efforts at strengt pite hen this arm of govern ing ment in Nigeria, some legi slative houses hav to act in e continued manners that tend to justify the miscon ception s which the pub lic hold against the legi slature, FELIX NWANE RI reports
N150
Extension Hurdles of emergency rule: facing Jona than’s requ est
40, 41
a rl i a m e
2015
‘Anointing PDP apar ’ tears Delta t
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nt of cr
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is es
here is three no doubt that arms the of ment in Nige governin 1999 to the return ria, prior , experien to civil developm rule ced a result ental oppo inequitable rtun intervenof intermittent ities as tion in military But of gove thes islature e arms, rnance. tim, suffethat was theit is the legat ever ring total disbworst vicy consequesuch interreg andment num. The disbandmnce of this inter mitt ent is ture is ent that the misunder most unk the legislaMembers nown, the mos stood and most of the to an exte House t vilif of Repr It is agai ied. nt, of esentative Asse most stak nst this back s scali ng the low avermbly have perf drop that ehol tently gate of age in ormed the Natio made ders have cons posi the ing spac case for nal Asse is- this tive laws. To art of mak bembly, last e a for ing brea thos view that its the Thursday members legislature, th- become , most lawm e who hold . their cons sparked aker so inep so of a freetitutionawill perform oversigh t in the discs have correct suing l brawl, for-all. In the harg legislator t function legislatuthe impress duties and the Hou five mem en- epti s in s whi e ion se oppo racies bers of tude. role is re’s perform that the Chibuike adopt advanced dem ch sed meddles to ance mies save thei Amaechi to Governo ocIt antagoni of thei from omeness of its r was was at the poin sm of The agengoing into ther econoabou after ther colleague engaged 13 t governm with or While s abyss. these legis cies of speech t giving his where Bipi proent. ress has some appr ers governorin a fight governm resis eciable sight func lators carr Lloyd, that Governo acceptance lawm ent gard, manbeen mad Amachreted the mov proge e to rem ak- ers andAmachree, other Amaechi of corr tions over y out overe. The hall view that y are how in this re, ove The upti are owe five anti field formance on and rived at security oper r lawmakthe legis ever of the ularly bers had -Amaech under-p s chamber d the Asse ative latu the vari the fact . More depl The after eri mem mbly com s armace, was ous statere, partic- med hallowed cham decided procuring lature that the coun orable is plex. s Houses imm iately turn a fake the sitti – to ber was ediately sive, at states and fedetry’s legismem ng after take charge ed avail the mom of enga bers of the into a jung imturned into waiting ral inclu for the by crise le as ent, oppo ged Dep to Spea is s of vary sing bede each uty, ker and no ous From a jungle ing dime villed weapons other with camps arrive Hon. Leyii Rivers, dangernsio the Asse Kwanee,his . as Ekiti Scores Edo, Ebo ns. and even mbly One to mem of Capital were pres nyi, poli bers to the Wogu, of them, Honcomplex. ent watc cemen, Fede moved of the Territory as the the opp of chree’s a motion . Kelechi legislator hed help who (FCT), ral National osing a pleth lessly at one seat for Ama Asse a deve removal as ora another, s threw pun - sets the Spea camps lopment, practical of strife, mbly, it is ches whil and ated the ker, whi AYODEL activitiesly groundedwhich have the Asse other offic e computer engaged Hon. ChidLeader of ch infuriE OJO e DEPUTY legislativ . eac the Hou The Hou mbly wer gadgets in i Lloy e out of ayodele.ojo@ EDITOR, POLIT other with h four the Asse d, who dash se, Michael se Leader e destroyed. Rivers ICS newtelegrap (Lloyd), show mbly ed Ama Chin prohonline.com Hons. The politof shame dangero to infor Amaechi’s with about hule sust da and Mar © Daily Telegraph m the gove lawm us State took ical crisi juries developm Publishing during ained serioustins rnor abouakers weapon when an a twist in s in Rivers Company the ent. Chin inLimited frac t the s Before Speaker attempt to July 2013, abroad da was later as. makers Lloyd and impeach to be flow the four bly, Hon of the Hou ter initifor medical trea n the five returned to lawally . Otelema se of Assethe tmen receivin at a priv t afmba Ama of the anti-Amaech the House, g Asse chree, court. ate hospital treatment peached mbly had i members His in were frac skull and Port HarEvans Amachree already imjaw bone tured. and elec Bipi as Then s Amachre ted Edu Min e was his successo cation, ister of Stat accused r. Nyesom e of inWike, for who
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eight pages of incisive Politics
Reps plot Jonathan's fall CONT INUE
D ON PAGE
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lList corruption, impunity among 50 impeachable offences }2
L-R: Ogun State Governor, Ibikunle Amosun; Yeye Odua Hannah Idowu Awolowo and Delta State Governor, Dr. Emmanuel Uduaghan, during a church service to commemorate the 99th birthday of the nonagenarian at Efunyela Hall in Ikenne, Ogun State...yesterday
Telegraph
Boko Haram bombs Borno market
Travel Advisory l60 killed, 42 injured Your guide to local and international flights 53
Ahmed Miringa MAIDUGURI
T
wo suicide bombers suspected to be members of Boko
Haram yesterday killed about 60 people during an attack on Monday Market, Maiduguri. The attack is the first in Maiduguri since July
2 when 56 people were killed in the same market area when a car bomb hit a group of traders and shoppers. However, while securi-
ty agents were still trying to piece together detail of the attacks, other reports put the death toll at between 30 and 60. CONTINUED ON PAGE 3
Quick Read Editorial Soyinka’s proposal on the missing Chibok girls }19
Military insists on emergency rule
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