Peoples Daily Newspaper, Tuesday, August 28, 2012

Page 1

www.peoplesdaily-online.com

Vol. 9 No. 12

Tuesday, August 28, 2012

. . . putting the people first

Shawwal 10, 1433 AH

N150

Nigeria not ripe for state police, says Jonathan Says Govs will abuse it Vows to shock his critics by 2013 By Richard Ihediwa and Abdulrahman Abdulraheem, with agency report

P

resident Goodluck Jonathan has said the nation is not ripe for state police, noting that it can easily be abused by state governors. Jonathan, who stated this at the opening of the 52nd Annual General Conference of the Nigerian Bar Association (NBA) in Abuja yesterday also dismissed his critics, asserting that he was not a miracle worker who will solve all the nation's problems with a wave of the hand but vowed to shock his critics by 2013 when the dividends of his policies would have started manifesting. The clamour for state police had recently split the polity with the northern state governors rejecting it while some of their colleagues from the south had supported it with the backing of some prominent Nigerians including former Military President, Gen. Ibrahim Contd on Page 2

PD INDEX

27th Aug, 2012

CBN RATES $ £ EURO CFA RIYAL

BUYING 154.8 245.6 194 0.2748 41

SELLING 155.8 247 195 0.2948 41.5

PARALLEL RATES EURO £ RIYAL $

BUYING 201 257 40 159

SELLING 203 259 42 161

Kano police dismiss triggerhappy cop >> PAGE 3

R-L: Outgoing President, Nigerian Bar Association (NBA), Mr. Joseph Bodunrin Daudu, President Goodluck Jonathan, Minister of Justice, Mr. Mohammed Bello Adoke, and representative of Senate Prsident, Senator Victor NdomaEgba, during the opening of NBA’s 52nd Annual General Conference, yesterday in Abuja. PHOTO: JOE OROYE

Senate stops N5000 note By Richard Ihediwa

T

he Senate has ordered the Central Bank of Nigeria (CBN) to forthwith, suspend the proposed introduction of the N5000 note saying doing so could be dangerous to the economy. Chairman, Senate Committee

on Banking and Currency and Financial Institutions, Senator Bassey Otu, who made the position of the Senate known at a news conference yesterday said it was the view of the Senate that it was wrong for the bank and the executive branch to unilaterally embark on such major currency restructuring without recourse to

the National Assembly and other critical stakeholders. The upper house said that the planned restructuring; especially the introduction of new N5000 notes is capable of sending negative signals about the value of the naira and the economy especially as many interest groups and professional bodies have

already condemned it. Already, a letter containing the resolution of the Senate (suspension order) has been prepared and is expected to be transmitted to the CBN governor today. The letter directed that the CBN should stop all action on the planned restructuring until the Contd on Page 2

Mother of 4 commits suicide

Okene prisons at risk - Investigation

External reserves rise to $37.8bn

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