Peoples Daily Newspaper, Monday 10, September, 2012

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www.peoplesdaily-online.com

Vol. 9 No. 21

Monday, September 10, 2012

. . . putting the people first

Car thieves: Police arrest 3-man syndicate, recovers 19 vehicles >> PAGE 2

Armed robbers kill policeman, driver >> PAGE 3

Shawwal 23, 1433 AH

N150

Replace Nnaji with one of our own, Igbos advise Jonathan >> PAGE 5

N5,000 note’ll bolster cashless policy – FG By Lawrence Olaoye

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ontrary to speculations making the rounds that the introduction of the new N5000 note by the Central Bank of Nigeria (CBN) would rubbish its cashless policy, the Presidency has said that such would only bolster the policy by making it work more effectively. Senior Special Assistant to President Goodluck Jonathan on Public Affairs, Dr. Doyin Okupe, who spoke to newsmen at the weekend stressed that the new note would never clash with the CBN’s cashless policy. Okupe explained that the N5000 bill, like the $1000 dollar bill in America, would be meant for the high class businessmen who may want to make cash payments without having to carry a lot of currencies. He said “N5000 note does not conflict with cashless policy; cashless society does not cancel cash transactions. Although America is a cashless society, it still has high denominations of dollars circulating in its economy.” According to him, seasoned economists, including Professor Contd on Page 2

PD INDEX

9th Sept., 2012

CBN RATES $ £ EURO CFA RIYAL

BUYING 154.8 246 195 0.2793 41

SELLING 155.8 247.9 196.5 0.2993 41.5

PARALLEL RATES EURO £ RIYAL $

BUYING 202 257 40 158

SELLING 204 259 42 160

L-R: Yobe state Governor, Malam Ibrahim Gaidam, listening to the Commissioner for Housing, Alhaji Muhammad Ago Dala, during the governor’s inspection of the State Liaison Office Abuja under renovation, at the weekend in Abuja.

Death toll from Adamawa flood hits 30 From Blessing Tunoh, Yola with agency report

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he death toll from flooding in Adamawa state following the release of water from Lagdo Dam in Cameroon has risen to 30, with some 120,000 people displaced, Shadrach Daniel, secretary of the Adamawa State Emergency

Management Agency said yesterday. “So far we have recorded 30 deaths from the flooding caused by the release of water from Lagdo Dam in Cameroon”, he told AFP. “20 people are still missing. The flood has displaced 121,000 people, with 61,000 living in 30 camps across the state”.

Daniel’s agency had reported 10 deaths in late August. A cholera outbreak had also occurred, with 65 cases recorded, but no deaths, he said. Flooding in various parts of northern Nigeria has already already killed dozens of people. Water was released from the Lagdo Dam in late August in neighbouring Cameroon after

officials there warned Nigeria several weeks earlier. The opening of the dam led to flooding along the upper Benue River plains in Adamawa state. Meanwhile floods across the country have killed 137 people and displaced more than 30,000 since the beginning of July, the Nigeria Red Cross said yesterday. Contd on Page 2


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