The Nation December 12, 2011

Page 1

Nigeria’s widest circulating newspaper

News ACN wins Ekiti rerun House of Representatives seat Sport Blackburn loses as Yakubu faces salary crisis Business AMCON begins valuation of borrowers’ properties

P8 P24 P57

www.thenationonlineng.net

TR UTH IN DEFENCE OF FREEDOM TRUTH

VOL. 7, NO. 1972 MONDAY, DECEMBER 12, 2011

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The Nation clinches seven awards at NMMA, DAME

T

HE Nation stood tall in Akure, the Ondo State capital, at the weekend, winning five awards at the prestigious Nigerian Media Merit Award (NMMA). Also yesterday, this newspaper won two awards at the Diamond

From Olorunleke Akeredolu, Akure

Awards for Media Excellence (DAME). Vendors in Abuja last week declared The Nation Newspaper of the Year. Assistant Editor Olatunji Ololade was the centre of attraction at the Akure cer-

emony. Ololade, who had six nominations, clinched three awards. He won the Malam Ibrahim Shekarau Prize for Education Reporter of the Year, Ernest Sisei Ikoli Prize for Newspaper Reporter of the Year (which he Continued on page 2

•Omatseye

•Ololade

•Alabi

•Ozi-Sanni

•Group Managing Directors of the 24 deposit money banks in Nigeria; Governor, Central Bank of Nigeria and Chairman Bankers’ Committee, Mallam Sanusi Lamido Sanusi; his Deputies; Managing Director, Nigeria Deposit Insurance Corporation, Alhaji Umaru Ibrahim; MD, Bank of Industry, Ms. Evelyn Oputu; and Governor, Cross River State, Senator Liyel Imoke, cutting a cake to celebrate the end of financial crises in the Nigerian banking sector at the 3rd Bankers’ Committee Retreat in Calabar ... yesterday

Gowon to Jonathan: don’t remove subsidy now President adamant

O

•Dr Jonathan

PPONENTS of fuel subsidy removal may have lost the battle, with President Goodluck Jonathan insisting that his mind is made up on the combustible issue. But former Head of State Gen. Yakubu Gowon warned at the weekend that the government should pull

THE SUBSIDY DEBATE

FOR

•Governors Forum •Federal Executive Council •PDP •IMF, World Bank •NARTO •Oil importers/marketers

of Representatives •Nigeria Labour Congress AGAINST •House •Civil Society Organisations •Organised Private

SPLIT

Sector •CPC, ACN, ANPP, APGA •Senate •Traditional rulers

From Yusuf Alli, Yomi Odunuga and Vincent Ikuomola, Abuja

the brakes. Nigeria’s infrastructure should be revived before such a step is taken, Gen. Gowon said.

The President disagrees. He would prefer posterity to judge him than see Nigeria grounded. If the subsidy is not removed, Nigeria will be broke within the next one and a half years, Dr Jonathan said.

Minister of Information Labaran Maku yesterday related details of the weekend meeting between the President and leaders of Civil Society Organisations (CSOs). The government’s position may be reflected in the 2012 Appropriation Bill, which will be presented to the National Assembly tomorrow. President Jonathan insisted on the withdrawal of subsidy during the midnight session with civil society leaders. A Presidency source said: “The Continued on page 2

•SPORT P24 •POLITICS P25 •CITYBEATS P31 •JOBS P49 •CEO P51


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