The Nation May 13, 2015

Page 1

Council approves Arase as IG

NEWS – Page 5

Newspaper of the Year

•President, Buhari, others mourn Zik’s first son •Abductors of OAU lecturers demand N70m ransom •APC ‘ll retrieve stolen money, says El-Rufai MORE ON •NDIC sues Okupe, others over N34b debt •AND PAGES 8,11&57

•Nigeria’s widest circulating newspaper

VOL. 10, NO. 3213 WEDNESDAY, MAY 13, 2015

•www.thenationonlineng.net

TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

Senate in final battle with President

Five banks lose N312m to CBN’s sanctions

From Onyedi Ojiabor and Sanni Onogu, Abuja

T

S

ENATORS will today begin the process of overriding President Goodluck Jonathan’s veto of the constitution amendment. There is pressure on them not to go that way. The President rejected the amendments carried out by the lawmakers, claiming that they did not follow the constitutionally-laid down procedure for such an amendment in addition to sidestepping the powers of the President. The Supreme Court also granted an order stopping the lawmakers from overriding the presidential veto, pending the determination of a suit initiated to resolve the imbroglio. But the senators said the judiciary lacks the power to prevent it from carrying out Continued on page 4

•"Penny Pritzker, U.S. Commerce Secretary, Tony Elumelu, Founder, Tony Elumelu Foundation, Antonio Gracias, Founder and CEO, Valor Equity and Julie Hanna, Founder and CEO, Kiva during the event hosted by U.S. President Barack Obama at the White House to celebrate Global Emerging Enterprenuers" ... on Monday

HE shareholders funds of five commercial banks dipped by N312 million following fines they paid to the Central Bank of Nigeria (CBN) for contravening the Banks and Other Financial Institutions Act last year. The banks are GT Bank, Zenith Bank, First City Monument Bank (FCMB), Access Bank and Sterling Bank. A breakdown of the figure as contained in the banks’ annual reports showed that Access Bank paid the highest fine of N184 million for various Continued on page 4

•INSIDE: IPMAN BACKS SUBSIDY REMOVAL P3 GOVT SPENDS $5B ON POWER PLANTS P53

Buhari to get Jonathan’s handover notes May 28 Council of State okays transition programme From Augustine Ehikioya, Abuja

P

RESIDENT Goodluck Jonathan will on May 28 lead President-elect Gen. Muhammadu Buhari on a tour of the Presidential Villa. Benue State Governor Gabriel Suswam yesterday broke the news to State House correspondents at the end of the Council of State meeting in Abuja. He briefed journalists alongside Niger State Governor Babangida Aliyu. According to him, the National Security Adviser (NSA), Col. Sambo Dasuki, briefed the Council on the war against Boko Haram, assuring all that the incoming government will WILL THE CHIBOK GIRLS have less to do on inseKIDNAPPED ON curity. APRIL 15, LAST Aliyu said President YEAR EVER

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RETURN?

Continued on page 4

•From left: Former Head of State Gen. Abdulsalami Abubakar; former military President Ibrahim Babangida; former President Shehu Shagari; former President Olusegun Obasanjo; President Goodluck Jonathan; former Head of State Gen. Yakubu Gowon; President-elect Gen. Muhammadu Buhari and former Head of Interim National Government Chief Ernest Shonekan, after the National Council of State meeting in Abuja ... yesterday.

KEY DATES IN THE TRANSITION

•May 22 •May 24 Jumat prayer

Sunday service

•May 28 •Tour of Villa •Handover •Dinner

PHOTO: NAN

•May 29 Inauguration

•POLITICS P17 •SPORTS P23 •MONEY P26 •INVESTORS P28 •LIFE P43 •FOREIGN P59


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