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VOL. 7, NO. 1931 TUESDAY, NOVEMBER 1, 2011
TR UTH IN DEFENCE OF FREEDOM TRUTH
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States shun Abuja cash sharing meeting again Jonathan to meet governors today
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NOTHER attempt by the Federal Government to persuade the states to allow the sharing of the Federation Accounts cash for September failed yesterday. States insist that they will accept their September allocation only when the N250 billion deducted by Federal Government agencies to fund “oil subsidy” is returned to the accounts. A meeting of the Federation Accounts Allocation Committee (FAAC) – the body that statutorily outlines the sharing formula of the cash in the Federation Account among the tiers of government every month – slated for Abuja was yesterday shunned by Finance commissioners. This is the second time in
AMCON names banks’ non-EDs
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HE Asset Management Corporaton of Nigeria (AMCON) has approved nine nonexecutive directors (EDs) for each of the three newly formed banks it acquired from the Nigeria Deposit Insurance Corporation (NDIC). The banks are Keystone Bank Limited, Mainstreet Bank Limited and Enterprise Bank Limited. These appointments, according to a statement from AMCON, ....
From Nduka Chiejina and John Ofikhenua, Abuja
two weeks that they have boycotted the meeting. On October 18, the commissioners staged a walkout over the N250 billion deducted by the Nigeria National Petroleum Corporation (NNPC) and the Petroleum Products Pricing and Regulatory Agency (PPPRA). The action stalled the sharing of the September allocation, which is estimated at N1 trillion before the deductions. Anambra State Finance Commissioner Mr. Eze Echesi, who is the co-ordinator of Finance Commissioners, described the deduction as “illegal withdrawal”. At the Sheraton Hotel venue yesterday, some offi-
Business Page 12
Villas-Boas slams Mikel
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HELSEA boss Andre VillasBoas has accused Nigeria international Mikel Obi and his teammates of broken promises, in a furious training ground outburst ahead of tonight’s UEFA Champions League clash with Racing Genk of Belgium at Cristel Arena.
Continued on page 4
President, Buhari know fate today
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HE Presidential Election Petition Tribunal chaired by Justice Kummai Bayang Akaahs will today deliver judgment in the petition filed by the Congress for Progressive Change (CPC) against President Goodluck Jonathan’s victory in the April 16 election. Notice of judgment was served yesterday on counsel after the Supreme Court struck out the appeal filed by the Peoples Democratic Party (PDP) against the petition. The apex court held that the 60 days allowed for hearing and determination of an interlocutory appeal had elapsed. The appeal arose from the July 14 ruling of the Presi-
From Kamarudeen Ogundele, Abuja
dential Election Petitions Tribunal, then chaired by the suspended Appeal Court President, Justice Isa Ayo Salami, that held that the CPC’s petition, which was filed on a Sunday, is competent and proper in law. Jonathan contested on the platform of the PDP. Gen. Muhammadu Buhari was the CPC’s candidate. Jonathan and PDP had urged the Tribunal to dismiss the petition for being filed on Sunday, a public holiday. But the Tribunal said that the petition was filed on a Sunday conferred no advantage on the petitioner, adding that it will be determined on Continued on page 4
Sport Page 24
World population hits seven billion
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•SEVEN BILLION: A nursing mother at the Yola Specialist Hospital, waiting to receive a gift from the Chairman, Adamawa State Planning Commission, Alhaji Abubakar Gamawa, to mark the celebration of seven billion world population day ... yesterday PHOTO: NAN
OING by the target set by demographers at the United Nations (UN) population unit, the world population hit a record seven billion yesterday. The division had set yesterday as the “symbolic” date for humanity to add another one billion people to the planet from 1999. Using slightly different calculations, the United States (US) Census Bureau estimates the seven billion threshold, will not be reached ... NEWS Page 4
•ENERGY P13 •SPORT P23 •PROPERTY P25•POLITICS P37•AVIATION P47