The Nation June 14, 2012

Page 1

Nigeria’s widest circulating newspaper

News Boko Haram members misguided, says Abdulsalami P8 Sports Utaka, Moses my jokers, says Eagles coach Keshi P24 Business SIM registration: MTN leads with 33.9m subscribers P11 www.thenationonlineng.net

VOL. 7, NO. 2156 THURSDAY, JUNE 14, 2012

TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

Tambuwal rejects plea to help retrieve $620,000 bribe Okonjo-Iweala warns against recession

House summons emergency session Police to PDP, lawmakers: tell Lawan to surrender

•World Bank: Developing countries vulnerable From Nduka Chiejina and Vincent Ikuomola, Abuja

From Yusuf Alli, Victor Oluwasegun and Dele Anofi, Abuja

N

IGERIA got yesterday a wake-up call on the economy. Be prudent or risk a recession, Finance Minister Dr. Ngozi Okonjo-Iweala told the government. She cited the situation in Greece and Spain, which require a bailout from the European Union, to buttress her argument that the economy is not insulated from a recession. She urged the government to be cautious. The Coordinating Minister for the Economy urged the government to be prudent in managing its finances.

H

OUSE Speaker Aminu Tambuwal has rejected a plea by security agents to help retrieve the $620,000 cash businessman Femi Otedola gave a lawmaker, Farouk Lawan. The police have asked Lawan, chairman of the ad hoc committee which probed the multi-billion naira fuel subsidy scandal, to surrender the cash, which he admitted collecting. But the lawmaker says he will not give up the evidence that Otedola bribed him against his wish. Besides, he has not shown up at the police Special Task Force (STF) probing the matter to say all he knows about the bribe. Tambuwal is said to have rejected the request because, according to sources, “he does not want to be roped in”. The Speaker was said to have been suspicious of why security agencies were mounting pressure on him to get the cash from Lawan. A legislative aide said: “The Speaker turned down the request because security agencies might come up with a theory that Lawan kept the bribe with Tambuwal. “Although the security agencies were not happy with the Speaker’s attitude, the man said as a lawyer he has enough experience to know what could happen when you are turning in evidence. “He has fears that with a little shred of evidence, he might be roped in.” The police yesterday reached out to prin-

There have been rumours here and there, especially because of delay in payment. This is due to the new electronic payment system being implemented by the federal ministry of finance

Continued on Page 4

THE FIGURES

$5m $3m $500,000

•The amount Farouk Lawan allegedly demanded from Otedola

•The amount Otedola was said to have reduced the bribe to

$120,000

•The “marked” cash collected in two installments from Otedola by Lawan •The cash allegedly collected by committee secretary Azubogu from Otedola

•Pa Alimi at the convocation...yesterday. Story on Page 5

PHOTO: NAN

Man, 75, graduates at LASU

•Dr. Okonjo-Iweala

She spoke yesterday at the Federal Executive Council (FEC) during a debate on the state of the economy. Minister of Information Labaran Maku, who told reporters what transpired at the FEC, however, said Mrs Okonjo-Iweala debunked the rumour that Nigeria is broke. Maku said the government’s delay in meeting its obligation to creditors is not a sign of weakness. Some Federal Government workers do not receive their monthly salaries on time. The minister said this is due to the ongoing Integrated Payroll and Personnel Information System (IPPIS). “Presently, we have no problem in terms of our finance management. There have been rumours here and there, especially because of delay in payment. This is due to the new electronic payment system being implemented by the Federal Ministry Continued on Page 4

•INDUSTRY P17 •SPORTS P24 •EDUCATION P25 •NATURAL HEALTH P45•E-BUSINESS P47


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