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•Ooni of Ife: No cause for alarm, say towncriers •Osun strengthens security around Judge Oloyede •10 Nigerian varsities get World Bank’s N1.4b lifeline •Ondo APC, Metuh trade words on payroll allegation •Nigeria’s widest circulating newspaper
VOL. 10, NO. 3296 TUESDAY, AUGUST 4, 2015
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By Collins Nweze
the dollar in Abuja and N210 in Lagos — to make brisk purchases. But the greenback recovered late afternoon to close at N208 and N222 in Abuja and Lagos. Banks have been rejecting dollar deposits across the counter, but inflows from for-
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•www.thenationonlineng.net
TR UTH IN DEFENCE OF FREEDOM TRUTH
From Augustine Ehikioya, Abuja
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IGERIA has traced its looted funds to some foreign banks, President Muhammadu Buhari said yesterday. Buhari has vowed to recover such funds from banks, financial institutions and countries in which payments for stolen crude oil have been deposited. Buhari, who did not name the banks, spoke while receiving visiting United States Congressmen at the Presidential Villa, Abuja. In a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, Buhari acknowledged the coop-
eign accounts are allowed. They said they could not transfer excess liquidity to their overseas correspondent banks which are restricting importers from using domiciliary accounts. The CBN said it would continue to curtail the acceptance of foreign currency cash deposits, much the same way as Continued on page 4
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Buhari: we know banks keeping stolen oil cash
Chadians, Ghanaians, others storm Nigeria for dollars URRENCY speculators from Chad, Ghana, Benin Republic and other neighbouring countries yesterday trooped to Nigeria in a scramble for cheaper dollars. The speculators, The Nation learnt, took advantage of the early morning drop in dollar rates — at N202 to
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Ambode appoints 19 perm secs
•President Buhari
Continued on page 4
•INSIDE: DEBTORS NOT BLACKLISTED FROM BANKING SYSTEM, SAYS CBN P11
Obasanjo: Okonjo-Iweala derailed under Jonathan Unemployment rate rises to 8.2%
Ex-President speaks on Jonathan, IBB, Halliburton, others
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NEMPLOYMENT rate is on the rise, the National Bureau of Statistics (NBS) alerted yesterday. The Bureau said the unemployment rate in the second quarter (Q2) of the year rose to 8.2 per cent from the 7.2 per cent rate it was in the preceeding quarter.
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ORMER President Olusegun Obasanjo has given an insight into why former Minister of Finance Dr. Ngozi OkonjoIweala was less effective under the immediate past administration of Dr. Goodluck Jonathan. Dr. Okonjo-Iweala’s tenure has turned out to be highly controversial, with the former Central Bank of Nigeria (CBN) Governor Charles Soludo accusing her of running the economy aground. Besides, Edo State Governor Adams Oshiomhole insists the former Coordinating Minister for the Economy should explain how $1.2billion Excess Crude Account cash was spent. Dr. Okonjo-Iweala maintains that she did her best.
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Performance delights Siasia
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•DETAILS ON PAGES 2&3 Obasanjo, in an interview with the online publication “Premium Times” in Abeokuta, the Ogun State capital, spoke on some of the key decisions he took while in office, his relationship with some key political figures, his book My Watch and the Halliburton bribery scandal. He said Mrs. Okonjo-Iweala performed Continued on page 4
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WILL THE CHIBOK GIRLS EVER RETURN?
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When Jonathan even said he wanted her, I said ‘I hope you can manage her.’ And Ngozi herself sent me a text (and) I told her times have changed
•NICE MEETING YOU: U.S. President Barack Obama shakes hands with physically-challenged inspirational gospel artist Grace Jerry of Nigeria before delivering remarks at a town hall at the Young African Leaders Initiative (YALI) PHOTO: AFP Mandela Washington Fellowship Presidential Summit in Washington, DC…yesterday.
REAM Team VI coach Samson Siasia is proud of his boys who drew goaless with Congo to qualify for the African Under 23. But the retired international was unhappy over the poor conversion rate of his strikers. “Playing a match like this is always difficult, but then I knew our best tactic for this game...
’ •RICE MILLERS ACCUSE CUSTOMS OF ABUSE P12 SHEKAU NOT IN BOKO HARAM VIDEO P6 Sport Page 24