The Nation May 10, 2012

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Nigeria’s widest circulating newspaper

News No cabinet shake-up for now, says Jonathan P6 Sports Eagles stars Osaze, Yakubu to get special treatment P24 Business Senate tells minister to recover N2.37b from Lufthansa P11 www.thenationonlineng.net

TR UTH IN DEFENCE OF FREEDOM TRUTH

VOL. 7, NO. 2119 THURSDAY, MAY 10, 2012

N150.00

Cleric urges Yoruba unity at Awo memorial From Ernest Nwokolo, Abeokuta

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EMORIES of the first premier of the defunct Western Region, Chief Obafemi Awolowo, came alive yesterday during a church service marking the 25th anniversary of his passage. The cream of the Yoruba elite – politicians, businessmen, intellectuals and others – gathered for the special service at Chief Awolowo’s Ikenne home town in Ogun State. Chief Awolowo died on May 9, 1987. The Rt. Rev. Peter Awelewa Adebiyi, Bishop of the Church of Nigeria (Anglican Communion), Lagos West Diocese, called on former President Olusegun Obasanjo and ex-Lagos State Governor Bola Ahmed Tinubu to unite the Yoruba within the Nigeria nation. He said since the death of Chief Awolowo, the Yoruba had been in disarray, unable to choose a leader. “Twenty five years of acrimony and infighting is enough. A house divided against itself cannot stand. It is time to forget the past, forgive one another and Continued on page 4

•Chief H.I.D Awolowo and Asiwaju Bola Tinubu at the service ... yesterday. SEE ALSO PAGES 4&5

Oshiomhole’s aide’s murder is threat to democracy, says NLC

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IGERIA Labour Congress (NLC) P r e s i d e n t Abdulwaheed Omar has petitioned President Goodluck Jonathan over the security situation in Edo State. He warned that, if unchecked, the situation could truncate Nigeria’s fledgling democracy. Comrade Omar urged the

From Osagie Otabor, Benin

President to prevail on the security agencies to find the killers of Comrade Olaitan Oyerinde, the NLC deputy national secretary, who was on secondment to Governor Adams Oshiomhole as a Principal Private Secretary. Oyerinde was murdered in Benin City on May 4. His re-

mains will be buried today in Ede, Osun State. Omar, who spoke when he led members of the administrative council of industrial unions and Edo workers to commiserate with Comrade Oshiomhole over Oyerinde’s murder, said those who killed him should know they have killed Labour’s highest ranking

staff member. He said: “We have come to join the Edo State Council of the NLC and the Trade Union Congress (TUC), the organisers of the peaceful protest, to present letters to His Royal Majesty, the Oba of Benin, the Director of the State Security Service and Commissioner of Police and we have received encourag-

ing words from them that the killers will be brought to justice. “It is our expectations that all these efforts will not go unrewarded. We have come to present a condolence letter to the governor as this is a very serious loss, not only to the labour movement but Continued on page 2

•The late Oyerinde

SEC chiefs disown Oteh Executives accuse DG of running one-man show

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•Oteh ... yesterday

NKNOWN to the investing public, the Securities and Exchange Commission (SEC) – supervisors of the Nigeria Stock Exchange (NSE) – has been held down by self-inflicted ailments, which obviously slowed down its battle to revive the troubled stock market. SEC Director-General Ms Arunma Oteh seems to have been acting alone, going by yesterday’s proceedings at the House of Representatives hearing on the nearcollapse of the Capital Market – once touted as the world’s fastest growing by its major players.

A young man who graduated in 1998 and was made a director. The contract system ... has created friction among the staff. From Victor Oluwasegun and Dele Anofi, Abuja

The gulf between the DG and her executive team was exposed as Oteh was left to defend her actions all alone. Besides, the Executive Commissioners reeled out reasons for the division in the Commission. The entire Executive team denied

We have not been working as a team. I would suggest that we should communicate more, faceto-face, instead of text messages.

knowledge of the Road map to making the capital market world class. Only Executive Commissioner (Operations) Daisy Ekina said part of her presentation for the DG shortly on her assumption of office was in the Road Map. Ekina and Executive Commissioner (Legal and Enforcement) Charles

Udora said that the staff were unhappy with Oteh’s management style and that trust and team work were no longer part of the work ethics of the organisation. Udora also faulted the status accorded contract staff by the Commission as regular workers felt shortContinued on page 2

•E-BUSINESS P47•SPORTS P23 •EDUCATION P25 •POLITICS P17


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