The Nation January 10, 2013

Page 1

Nigeria’s widest circulating newspaper

Jonathan to ministers: sit up

Fire razes 21 rooms in Alaafin’s palace

NEWS

Page 2

•Govt to increase pace of work

•Artefacts, apartments gone

NEWS

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www.thenationonlineng.net

VOL. 8, NO. 2367 THURSDAY, JANUARY 10 , 2013

TR UTH IN DEFENCE OF FREEDOM TRUTH

CUP OF NATIONS

•Firemen battling to put out the raging fire...yesterday

N150.00

•Local television stations may miss matches •Newcastle happy Ameobi won’t join Eagles •Martins: Keshi judged me with one match •AND MORE ON PAGES 23,24&41

PHOTO: NAN

Oil tank explosions in Lagos

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XPLOSIONS rocked Apapa – the Lagos port city – yesterday, as fire hit a barge at the Tin Can Island. The explosions occurred as the MRS barge (oil tank) was discharging fuel into a tank on a jetty at the port. The entire area was shaken by the explosions, which were immediately

By Oluwakemi Dauda and Precious Igbonwelundu

followed by a huge fire that sent plumes of smoke into the air. People ran helter-skelter in panic. They did not know immediately what was happening. The fire, which started at about 11:15am, was put out a few hours later but not after

it had disrupted activities at the ever-busy port and the surrounding areas. There were speculations that no fewer than four people might have died, but the agencies - the Red Cross, the National Emergency Management Agency (NEMA) and the Nigeria Port Authority (NPA) – said nobody died. Only four people were Continued on page 2

•The tank farm on fire...yesterday

$1.5b loan: NNPC under fire Process not transparent, says ex-World Bank Vice President Ezekwesili The federal government or any of its agencies has no right to take local or foreign loans without the approval of the National Assembly —Falana

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If the NNPC does not borrow and pay its foreign creditors, our (Nigeria’s) credit rating will go down and this is not good for our financial institutions and the country —Rewane

ORMER World Bank Vice President Dr. Oby Ezekwesili has joined the condemnation of the Nigerian National Petroleum Corporation’s (NNPC)’s planned $1.5b syndicated loan to pay off its debts. She tlashed out at the decision in her twitter account yesterday,

From Shola O’Neil, Warri

her criticism following that of the Senate, which on Tuesday queried the plan, saying it was not informed about it. According to Mrs. Ezekwesili, the process the NNPC is following to obtain the loan, which she said was unnecessary, is not transpar-

Why does this administration encourage the idea of a ‘Federal Republic of NNPC’ in a Democratic Nigeria in 2013? —Ezekwesili

ent. Lagos Lawyer Femi Falana (SAN) urged the National Assembly to probe the oil giant. Reuters news agency blew the whistle on the loan at the weekend, but NNPC spokesperson Ms Tumini Green said it had not been obtained, although the process

was being finalised. The state oil company is believed to be owing major commodity trading houses, including Glencore and Mercuria, about $3.5 billion in unpaid fuel supply bills. President Goodluck Jonathan is reported to have authorised the Continued on page 2

•SPORT P23 •EDUCATION P25 •POLITICS P43 •N/HEALTH P45 •E-BUSINESS P47


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