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Thursday, February 5, 2015
/newtelegraph
Vol. 2 No. 351
@newtelegraph1 www.newtelegraphonline.com
N150
Slok Air sues Obasanjo, Yuguda over revocation of Licence
FG to raise airlines' capital base to N2bn Wole Shadare
T
he Federal Government may ask domestic airlines to recapitalise in view of the financial dire straits
the operators have found themselves. Experts confirmed that the nation’s carriers are weak and lack the capacity to operate profitably, hence the need for them to be-
come healthy is imperative through recapitalisation. A presidency source confided in New Telegraph that the government was planning to raise the capitalisation base for Nige-
rian operators to between N1.5 billion and N2 billion in view of the devaluation of the naira and based on the high capital intensive nature of airline business. This is not the first at-
tempt by the Federal Government to review the capital base of airlines as it had in 2004 through the then Minister of Aviation, Mallam Isa Yuguda, given CONTINUED ON PAGE 6
}9
9 days to go... Nigeria votes
2015
ria Nige
s vote
2015
}14 & 15
Jega in a fix over polls
}5 lPVCs' distribution, card readers, personnel training hinder INEC lCommission mulls two weeks extension as chair briefs Council of State
Quick Read Editorial
Governance goes on recess }19
L-R: President Goodluck Jonathan; Vice-President Namadi Sambo; his wife, Aminat and the First Lady, Patience, at a presidential rally of Peoples Democratic Party (PDP) in Benin City, Edo State…yesterday.
L-R: Former Governor of old Anambra State, Chief Ogbonnaya Onu and National Chairman, All Progressives Congress (APC), Chief John Odigie-Oyegun; at a press conference in Abuja...yesterday.
PHOTO ELIJAH OLALUYI
Police move 16 commissioners
EFCC declares Nyako, son }6 lIG sets up electoral offence team lI'm in Lagos for elections, says Mbu wanted Travel Advisory
Your guide to local and international flights }4
Juliana Francis, Emmanuel Onani and Flora Nwudiwe
A
head of the forthcoming general elections, the Police Service Commission (PSC) yesterday approved the immedi-
ate redeployment of 16 Commissioners of Police (CPs) to head state commands. A statement by PSC's Head of Press and Public
Relations, Mr. Ikechukwu Ani, said the exercise was consistent with the commission's determination, to "reposition the Force for optimal performance."
CONTINUED ON PAGE 1
Also as part of the police preparations for the elections, the Inspector General of Police (IGP), Mr. Suleiman Abba, is to CONTINUED ON PAGE 5