The Nation August 30, 2012

Page 1

Nigeria’s widest circulating newspaper

$1.49b Lagos-Ibadan rail project takes off

BUSINESS Page 11

•Govt gives contract to Chinese firm

Yoruba in Kogi, Kwara want state

NEWS

Page 7

•Technical committee to be set up

www.thenationonlineng.net

VOL. 7, NO. 2233 THURSDAY, AUGUST 30, 2012

TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

Ex-heads of state, governors fight dirty over power firms had to voluntarily resign the office of ‘Iminister to retain my integrity, which has in recent days come under scurrilous attacks by powerful vested interests that were hell bent on besmirching the integrity and reputation that I have painstakingly built over the years

Revealed: The battle that consumed ex-Minister Nnaji

F

ORMER Power Minister Barth Nnaji lost his job to the fierce power play by investors bidding for plants and distribution companies, it was learnt last night. No fewer than 51 investors are bidding for 11 distribution companies, including the controversial Enugu Distribution Company, which cost Nnaji his job. According to sources, some of the powerful would-be investors that Nnaji may have offended include some ex-Heads of State, governors,

From Yusuf Alli, Abuja

top businessmen who are also election financiers, one or two retired Secretaries to the Government of the Federation, some stakeholders in the Southsouth and Southeast and top government officials. These powerful interests are covertly promoting companies bidding for power plants and distribution companies through their surrogates and international investors. Their list was, however, kept secret last night.

Buhari: North’s governors should tackle insecurity From Kolade Adeyemi, Kano

F

ORMER Head of State Gen. Muhammadu Buhari yesterday told governors in the North to tackle the insecurity that is crippling the region. He urged them to adopt measures to end the violence, which has virtually killed the economy of the North. Fundamentalist sect Boko Haram has claimed responsibility for the wave of violence that has claimed many lives. Gen. Buhari spoke at the Government House in Kano during a visit to Governor Rabiu Musa Kwankwaso. The former Head of State said he was worried about the security situation in Kano and Maiduguri. He recalled the volume of commercial activities in Borno and

Investigation by our correspondent revealed that these vested interests were “too hot for Nnaji to handle”. It was learnt that Nnaji managed to accommodate these bigwigs until he ran into a “big storm” in the Southeast where his company, Geometric Power was implicated in the bid for Afam Power Plant and Enugu Distribution Company. Geometric Power, is said to have a minority stake in the Eastern Electric Nigeria Limited, which submit-

ted technical and financial bids for Enugu Distribution Company on July 31. Also, one of the consortia bidding for Afam Power Plant, O and M Solutions of Pakistan, was once Geometric Power’s contractor. A source said: “The ex-Minister cannot talk but he has a lot up his sleeve. He had been coping with pressure because the elite who call the shot in the country are neckdeep in the scrambling for these power plants and distribution com-

panies. “They include some ex-Heads of State, governors, top businessmen, who are also election financiers, retired Secretary to the Government of the Federation, some stakeholders in the Southsouth and Southeast and government officials. “He is a victim of elite war for the control of the power sector. His tact, however, failed him in managing these elite, especially those from the Southsouth and Southeast. His probContinued on page 4 •Globacom’s Head of Value Added Services, Samson Isa (right), presenting a cheque of N12 million to Shittu Shodeinde Talia, the first monthly prize winner in the Glo “text4millions” promo at a special ceremony held at Globacom’s corporate headquarters in Lagos...yesterday. With them are Head of Distribution, Glozones and Branding, Dapo Dosunmu and Head, Sales Development, Shade Olusope.

Continued on page 4

•INDUSTRY P14•E-BUSINESS P17 •SPORT P24 •NATURAL HEALTH P44


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.