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Vol. 1 No. 282
Thursday, November 27, 2014
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N150
IGP refuses to recognise Tambuwal as speaker }7 NEW TELE
CBN withdraws N568bn from banks
Jurist
I
n a bid to save the naira that has lost 10 per cent of its value this year,
the Central Bank of Nigeria (CBN) yesterday withdrew a total of N568 billion from banks’ accounts domiciled with it to meet the 500 basis-point hike in
Cash Reserve Ratio (CRR) on private sector deposits. The move, which is specifically to prevent banks from speculating at the official foreign exchange
market, caught banks off guard as they were not given enough time to prepare for the debits. “CBN just notified us CONTINUED ON PAGE 6
THURSDAY , novembeR
27, 2014
ts, by Muk
htar
Interview
Law
l'Apex bank didn’t devalue naira' Ayodele Aminu and Chukwu David
GRAPH
My regre
23&24
Should the Assembly National Preside endorse nt Jonathan’sGoodluck request for furt her of the em extension erg rule in the ency north-eas troubled Adama t states of wa, Bor no and Yobe? Law yes. TUN yers say no, DE OYE SINA, AKEEM NA APPOLO FIU and S CHRIS report TIAN
Olatoye: Why Jona seek re-e than shou lection ld not
26
21
Discord request ant tunes ove r Jonath for eme rgency ru an’s le
F
or the four months, th time in 18 luck JonaPresident Good sought than last weekof the Nationalthe endorsem further Assembly ent for a gency extension of north-earule in the an emerwa, Bornstern states troubled of his reso o and Yobe Adamafollowing the affeclve to end insu rgency ted in His first regions. 2013 whe time was on of the Natin he got the May 14, Boko approval Haram the first onal Assembly Islamic fundermen extensiosix months elap . Since talists ment may ns had sed, two there had been previous hit the bric been no made yet sults. desired to achi emergency ks as the eve succ rule is re- 2013 Does the yet ess sinc . Presiden another e May 14, However ther exteendorsementt deserve , lawyers to New for nsio who spok furTele rule, espe n of eme fer on the graph yest e bled state cially when rgency containe President’s erday difthe s have trou requ ven for d in the become - tion the 1999 Con est as . fundame Boko Hara the hastitum While no, yes. ntalists? Law Islamic Jonathan some say Presiden tagonists According yers say tension ’s request to t for an further there was no the anwas cosm cons exbasis for etic eque rule in grant of the eme is desi nce, others and of no the rable in request troubled zone rgency believe cum the it for s stan as the present it by would ce as cironly not achi the Presiden mili results. eve any t inhi operate perf tary could desired ectly bitio Although laration n when ther without e is Presiden than has of Specificaan emergen a decSections the powers t JonaNwobike lly, while cy rule. Dr. 14 (2) (b) 217(2) (c), 218, under Nigeria , a Senior Adv Joseph Jonathan deploy of the Constitu 13 and Ali, SAN(SAN), Mal ocate of tion to am north-eatroops to the ers, SAN , Mr. Norriso Yusuf Nationalst, his requ troubled Akanbi, , Professor Muhn QuakAssembl est for the y’s endo SAN, Mr. Malami Abuammed rseFestus Tunji Aba Keyamo bakar, and Dr. Jonathan yomi said Pres a cosm ’s request was ident etic one tension as a furthmerely in the of the emergen er extroubled the solu states cy rule FOLUSO war beintion to the insuwas not OGUNMO DEDE JUDICIARY rian nati g declared on rgency EDItoR Haram on by the violethe Nigefoluso.ogun Islamic nt newtelegrap modede@ ists, Chie fundameBoko honline.com © Daily f ntal SAN, Paul Adeniyi Telegraph Akintola,Publishing Baiyesea Ananaba, Company Limited SAN Ozekhom, SAN and Chie , John e, f To the SAN differ. Mike proponen ts, the Pres Mark i-
dent’s requ of the eme est for an extensio rgen a long way to cy rule would n it from achieve result. go abou the sour desirabl ce. e disil t the perceiveI am talking But Nwo lusioned d mili Presiden bike insi tary So, and was of t Jonathan sted that an we need to do annoyan ce. ’s achievedno use as it request ruleextension of more than just the eme . 18 mon any success had not rgency ths. in the last “Look at wha He said at the Nati t is extensio : “So, aski onal Asse happenin mom ng for sequencen to me is an sent ent. The Hou mbly at theg of no atives se of Repr consituation as far as the has whil cerned. in those plac security chao e the who been polariseele asse es d But, is s. Ther conmbly hopefully to belie is in in the polit e are mor , I wan e problems may be ve that the y than Presiden t an exte nsion of just asking strategierejigging his t rule for the eme ’’. ing has s because so security rgency To the that somhappened but far noth- amo activist lawyer, as soon ething shou we pray brou, “emerge Key ncy ld happ as en So, ght succour rule has notHe was possible’’. the kind to the echoed Senior peop of by I advo Adv cate for emergency le. Quakers ocate, Mr. another will rule is Presiden , who qua Norrison pungbe more effec the type that rried tive ent the tension t’s rationale insurgenenough to dealand more had beenwhen nothingfor an excy’’. with the months, achieved in tangible ing,Ali said “fra the nkly uncalled said the requ last 18 achi nothing speakfor. est was eved sinc much has He how been of the emergene the existenc Jonathan ever tasked have security to address thePresident Our witnesse cy rule. All e we d to brin challenge withnation’s insu security can’is escalatio ging an t contain n. a view rgency cy rath end to this er “At the . to exte than lookinginsurgen- caliz initial nd the trou the emergen for a way into ed, but now stage, it was locy rule bled it in it the marrow is eating deep He said states. is just of the coun the exte : “To wha like a canc loca try t nsio exte , l gove er n? I thin nt is go beyo have been rnment andwhereby k address nd the emergenwe must towns the prob “I thin captured. cy rule k we shou lem and , attack ld go back
Page 21
FIVE pages of LAW
Obasanjo hits Jonathan CoNt INUE
D oN PAGE
25
lPresident a dictator, destroying democracy lNational Assembly, an assembly of thieves }5
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President Jonathan
Mark: Senate President
Tambuwal: House Speaker
When the head is rotten, the whole body is useless... As a leader, you must not deliberately do evil, you should know that you will one day give account to God
Buhari's jet denied landing in Makurdi
Travel Advisory lWe won't vote for ex-head of state –Imo speaker
Your guide to local and international flights 4
Wole Shadare, Steve Uzoechi, Cephas Iorhemen and Emmanuel Masha
F
ormer Head of State and presidential aspirant of the All
Progressives Congress (APC), Major General Muhammadu Buhari, was yesterday taken aback by events in Imo and Benue states in the pursuit of his presidential ambition. The private jet conveying him to Benue State
was denied landing at the Makurdi Airport while the Imo State House of Assembly pointedly told him they would vote against him at the APC national convention. Buhari was to hold consultations with party
supporters in Benue State ahead of the December 10th primaries yesterday, but the Federal Airports Authority of Nigeria (FAAN) denied the jet landing permit and had to turn back. CONTINUED ON PAGE 7
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Telegraph
Obasanjo
Quick Read
Editorial
Capacity building and SME devt }19 Controversy over T.A. Orji son's eligibility }46