The Nation August 09, 2011

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Nigeria’s truly national newspaper

News President, governors may operate foreign accounts P3 Sport Major test for Siasia as Eagles battle Black Stars P49 Business 3million jobs coming in three years, says Aganga P11 http://www.thenationonlineng.net

VOL. 7, NO. 1847 TUESDAY, AUGUST 9, 2011

TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

CBN appoints consultants for new banks •AMCON issues N679b bonds By Ayodele Aminu, Nduka Chiejina and Dupe Olaoye-Osinkolu

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HREE former bank chiefs got new jobs yesterday. The Central Bank of Nigeria (CBN) appointed the Group Managing Directors of the defunct Afribank Nigeria Plc (Nebolisa Arah); BankPHB Plc (Cyril Chukwuma) and Spring Bank Plc (Sola Ayodele) as Transition Consultants for the newly created banks – Mainstreet, Keystone and Enterprise. The appointments, The Nation learnt, were announced to the trio in Abuja at a meeting presided over by CBN Governor Sanusi Lamido; Asset Management Corporation of Nigeria (AMCON) Managing Director Mustapha Chike-Obi and CBN deputy governors. At the three-hour meeting, the GMDs of the defunct banks and their executives, according to sources, were told to assist the in-coming GMDs. Their duties and responsibilities, it was learnt, will be in accordance with the laws applicable to the position of the MD of a duly licensed bank, but acting as Transition Consultant to each of the banks. The trio, who were said to have been commended by both Sanusi and Chike-Obi, are expected to act in this capacity till September 4. These developments came after AMCON made good its promise to issue N679billion worth of bonds to the newly formed banks (Mainstreet Bank, Enterprise Bank and Keystone Bank) via bonds that have a tenor of 10 years. Chike-Obi confirmed to The Nation last Continued on page 2

URNING: A masked man walks past a burning car outside a Carhartt store in Hackney, London ... yesterday. The violence in •LONDON IS B BURNING the city has spread from Peckham and Lewisham to other places, including Birmingham. SEE ALSO PAGE 10. PHOTO: DAILY MAIL

Why we formed Strike Force, by al-Mustapha Ex-CSO: I ordered Ogboru’s torture Denies role in Kudirat’s murder

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X-Security chief Hamza al-Mustapha told a Lagos High Court yesterday why the Strike Force – the Sani Abacha regime’s killing machine – was established. The Strike Force and its sister squad, the Body Guard, were created to sustain the late Gen. Abacha in

By Eric Ikhilae

power, his former Chief Security Officer (CSO) said. Every regime that seeks to survive, he said, requires an expanded version of the Strike Force. It was at the resumption of al-Mustapha’s trial for conspiracy in the murder of the

late Chief Abiola’s wife, Kudirat, who was killed on a Lagos street on June 4, 1996. She was at the vanguard of the battle to revalidate the annulled June 12, 1993 election, which the late Abiola won. The election, Nigeria’s freest and fairest ever, was cancelled by the Gen. Ibrahim Babangida regime. Abiola

died in a bid to reclaim his mandate. al-Mustapha explained that the Strike Force, constituted of locally trained 75 personnel drawn from the various arms of the military, was a small mobile outfit responsible for repelling any threat to the seat of power. He admitted that members

of the Body Guard, to which Sergeant Barnabas Jabila (aka Rogers) belonged, were trained in Libya and Korea, adding that they functioned as guards to important personalities. Jabila, who initially confessed to killing Kudirat, also told the court how he led the attack on pro-democracy ac-

tivists, including the late Chief Abraham Adesanya, on al-Mustapha’s orders. He later recanted, saying he was coached by the prosecution. al-Mustapha denied that the outfits were special squads created for eliminatContinued on page 2

•SPORTS P15 •POLITICS P17 •PROPERTY P25 •ENERGY P37 •AVIATION P51


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