Tuesday August 20-26 2019, Edition

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TRAVEL & PLACES

The Dead Sea: The only place where Palestenians can order Israelis about •P14 & 15

The VOX POPULI SACRUM

BUSINESS

NEWS

Air Peace applauds closure of Enugu airport for repairs

Cross into Anambra with AK47 and be arrested, Obiano warns Fulani herdsmen •P10

racle •P28

Today

www.oraclenews.ng

TUESDAY August 20 - 26, 2019

ISSN: 2545-5869

Why IPOB must stick T to non-violence, by stakeholders

VOL.4 No.32 N200

From BONIFACE OKORO, Umuahia; CHINEDU NWAFOR, Abakaliki and OLIVER UDEOGU, Onitsha

• I have forgiven my attackers—Ekweremadu • Attackers are cowards—Umahi • Igboezue condemns attack, tasks FG on security • IPOB warns Igbo leaders against sabotage, threatens Ekweremadu treatment • Return Igbo under one umbrella—APC chieftain •P4 Let’s be passionate but reasonable—ADF

HE Indigenous People of Biafra (IPOB) has been warned against violating its own creed of nonviolent agitation for its cause and the restoration of a state of Biafra, the breakaway Republic that was forced back into the union after the three year, 1967-1970, brutal Nigerian Civil War. The warning, handed down by a number of Biafran stakeholders who spoke with The Oracle Today, came against the backdrop of the recent attack on former Deputy Senate President, Senator Ike Ekweremadu, by people suspected to be members of IPOB, at an Igbo cultural (new yam) event in Nuremberg, Germany. In a statement he released shortly after the attack, Ekweremadu said: “Much as I am disappointed in their conduct, especially as I am one of the persons who have spoken up on justice for Ndigbo, the Python Dance, judicial

killings in Igbo land and elsewhere, both on the floor of the Senate and in my written and personal engagements with the Presidency as well as rallied the South East Senate Caucus to secure Mazi Nnamdi Kanu’s release with Senator Enyinnaya Abaribe taking him on bail to douse tension in the South East, I nevertheless do not hold this to heart against them, for they know not what they do.” The statement was released just as footages of a video by an amateur photographer, showing how Ekweremadu was manhandled, went viral. In one of the videos, a man was heard pouring scorn on Ekweremadu and other Igbo leaders for keeping quiet while Fulani herdsmen “killed and raped our mothers, wives and sisters.” In an interview with The Oracle Today, an Onitsha-based legal practitioner who opted to remain anonymous, said: “This is not right. IPOB acted out of character. Although this

Cont’d on page 4

Contract breach: FG may face bigger contests By SOPURUCHI ONWUKA

T

•Sen. Ike Ekweremadu

•Mazi Nnamdi Kanu

FIBA AfroBasket 2019: Buhari salutes gallant D’Tigress •P37 Page 35

he $9.0 billion asset forfeiture starring in the face of the Nigerian government amplifies the numerous issues bordering on the management of business agreements with international investors that sourced private capital for development of mineral resources in the country. While numerous others are being muffled within the Nigerian sovereign territory, the case of Process and Industrial Developments Limited which is claiming whopping $9.0 billion or N3.3 trillion has stoked a vehement judicial benchmark that might give valid expression to lingering disputes over commercial agreements with government that are currently stuck in administrative quagmire. From the raging disputes over the fiscal arrangements that

govern the 1993 production sharing contracts (PSCs) to fiscal changes proposed in the controversial Petroleum Industry Bill, through waivers and guarantees that formed the commercial considerations for investments in the Nigerian Liquefied Natural Gas (NLNG) Limited; it does appear that contracts and agreements with the Nigerian government is amorphous. Consequently, key investments that hold potentials for huge value creation in the domestic economy are serially lost in disputes that post scary signals for future investors. In the prevailing instance, a project initiated in 2010 with projection to harness gas from oil production sites in the Niger Delta and boost much needed electricity supply for homes and businesses is now a litigation contest in

Cont’d on page 4

BBNaija vox populi: Khafi Kareem


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Tuesday August 20-26 2019, Edition by oracle - Issuu