Newspaper of the Year
Banks to name debtors Aug. 1
•Court to hear Kashamu extradition application June 25 P5 •Lagos, Ogun, Oyo, Osun declare June 12 holiday P8 •Man on solidarity trek for Buhari missing in transit P56 •Govt. sacks Osun varsity Governing Council, management P9
NEWS
Page 12
•Nigeria’s widest circulating newspaper
VOL. 10, NO. 3243 FRIDAY, JUNE 12, 2015
•www.thenationonlineng.net
TR UTH IN DEFENCE OF FREEDOM TRUTH
N150.00
•INSIDE: CBN ADJUSTS EXCHANGE RATE P55 BOKO HARAM KILLS 43 IN BORNO P4
•Some of the suspects...yesterday
•Another suspect...yesterday
PHOTOS: NAN
N12b currency scam: N3.9b destroyed with acid, water, court told
T
HE prosecution in the N8 billion currency scam yesterday told the court how some of the accused persons allegedly destroyed boxes loaded with N3.96 billion with acid and water, making
From Bisi Oladele, Ibadan
them inaccessible to investigators. Mr. Rotimi Jacobs (SAN) was objecting to the applications for bail filed on behalf of the first accused person,
Kolawole Babalola, at a Federal High Court, Ibadan, the Oyo State capital. He also disclosed that 107 boxes from First Bank Ltd were opened before the accused persons during which N773 million was discovered
to have been stolen. Jacobs said another suspect, who had been on the run, had just been yielded to the Economic and Financial Crimes Commission (EFCC) by his family. But he refused to give the suspect’s name, saying he
was still being investigated. The lawyer also revealed that the cash involved in the scam is about N12 billion as against the N8 billion earlier stated. He said more revelations would be made when the trial begins.
Eight Central Bank of Nigeria (CBN) and First Bank Ltd officials are standing trial in the first of seven cases arising from the multi-billion naira mutilated currency scam. Continued on page 4
Buhari intervenes in Senate dispute to save APC’s unity ‘Ekweremadu’s election faulty’ From Yusuf Alli, Abuja
T
HE crisis sparked by the election of National Assembly officials was still smouldering yesterday. President Muhammadu Buhari has invited Senator Ahmed Lawan’s Unity Forum, which is contesting the election of Senator Bukola Saraki as Senate President , for a meeting today. “It is all to save the party from being factionalised,” an All Progressives Congress (APC) source said. The meeting is expected to resolve the crisis, which deepened yesterday as: •the APC National Working Committee called off a proposed visit by Senator Saraki; and WILL THE •some members of the CHIBOK GIRLS Senate discovered that the KIDNAPPED ON APRIL 15, LAST chamber breached its rules
?
YEAR EVER RETURN?
Continued on page 4
•President Muhammadu Buhari (second left) with (from left) Benin’s President Boni Yayi; Niger’s President Mahamadou Issoufou; and Chadian President Idriss Deby after the Lake Chad Basin Commission in Abuja...yesterday.
Nigeria to lead anti-Boko Haram regional force
NEWS Page 4
•WE HAVE 1.1B LITRES FUEL STOCK, SAYS NNPC P12 TRADER JAILED 21 YEARS P11