The Nation April 11, 2012

Page 1

Nigeria’s widest circulating newspaper

News Lagos to enforce no-work-no-pay rule against doctors P7 Sports Dubai heat stops Super Eagles training ahead friendly P24 Business Okonjo-Iweala: Job creation my priority at World Bank P5 www.thenationonlineng.net

VOL. 7, NO. 2090 WEDNESDAY, APRIL 11, 2012

By Ayodele Aminu, Group Business Editor

HE money market segment of the financial system was thrown into confusion yesterday as technical hitches in the Central Bank of Nigeria’s (CBN’s) payment system - the Real Time Gross Settlement Systems (RTGS) and T24 – stalled about N300 billion interbank transfers. The inability of banks to transfer money and securities triggered a spiral effect as some lenders’ accounts with the CBN were thrown into debit. Others could not honour their inter-bank obligations. Continued on page 4

N150.00

Survivors relive Kaduna Easter Sunday explosion

Technical hitches stall N300b inter-bank deals

T

TR UTH IN DEFENCE OF FREEDOM TRUTH

S

•Sanusi

URVIVORS of the Easter Sunday suicide car bombing in Kaduna yesterday recounted the grim moment when the explosion, which claimed scores of lives, occurred. They also spoke of how they survived the terror attack – the one with the big-

From Tony Akowe, Kaduna

gest casualty figure in the Northern political capital. The death toll rose yesterday by eight as hospitals announced more deaths. Some of the critically injured were transferred to the Ahmadu Bello University

Teaching Hospital, Shika for further treatment. Kaduna State Deputy Governor Mukhtar Yero renewed the government’s promise to foot the medical bill of the injured. Yero spoke to reporters in his ofContinued on page 4

•Lagos State Governor Babatunde Fashola (third left), Minister of the Environment Hadiza Mailafia (right), Deputy Governor Adejoke Orelope-Adefulire, Commissioner for the Environment Mr Tunji Bello (left) and Legislative aide to the chairman, Senate Committee on the Environment and Ecology Senator Bukola Saraki, Mr. Kingsley Amaku, at the 4th Ehingbeti Climate Change Conference in Lagos ... yesterday. Story on page 9 PHOTO: OMOSEHIN MOSES

Halliburton: Nigeria to demand return of $130m Fed Govt, US to discuss Obasanjo’s 50-50 deal

N •Adoke

IGERIA and the United States will soon open talks on the recovery of the $130million Halliburton bribe cash traced to the facilitator, Jeffrey Tesler. But, it is yet unclear whether the government will appeal or not against the March 27 judgment of an Abuja High Court, which struck out the case against six Nigerian suspects arraigned over the scandal. Of the $180million involved in the

From Yusuf Alli, Abuja

Halliburton scandal, $133, 073,750million was remitted to TriStar, a firm managed by Jeffrey Tesler, the alleged mastermind of the bribery, by TSKJ between 15th December, 1995 and 12th June, 2004. Tesler is believed to have swindled Nigerian officials who were to share in the $180m by diverting $133,073,750million to his account in

Switzerland. He gave about $22,417,000 and DRM 500,000 to some top government officials. Upon discovery of the $133,073,750m in Tesler’s account, the Swiss government froze the account and during the trial of the accused person, the looted fund was transferred to the United States. But the Federal Government, through the Office of the Attorney-

General of the Federation, has initiated moves to recover the $133,073,750m, which was found in Tesler’s account. But the move may yield not more than 50 per cent of the $133.073million. A government source, who pleaded not to be named, said: “We are determined to recover the money in Tesler’s account. The government, Continued on page 4

•CITYBEATS P6 •MONEY P15 •SPORTS P23 •LIFE P29 •POLITICS P43


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