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Keystone Bank MD resigns
Tankers block Lagos/ Ibadan Expressway
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•Sudden exit shocks staff
•Travellers trapped for hours
NEWS Page 7
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VOL. 7, NO. 2276 FRIDAY, OCTOBER 12, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
ONDO 2012
N150.00
•Akeredolu, Mimiko, Oke in debate fireworks •INEC’s ballot papers, boxes, others in Akure MORE ON •Clash of ACN, LP supporters averted •AND PAGES 4&5
Presidency to spend N2.8b on residential buildings N2.9b voted for travels Refreshments, food get N733m
I offer myself for ‘service. Having gone round the 18 local governments, I discovered that the state is in a perilous state. One road in three and a half years is not enough. I will open up the rural areas with roads. We need water and electricity. I will give a transparent leadership
From Gbade Ogunwale and Nduka Chiejina, Abuja
T
HE Presidency plans to spend over N2.8 billion to “rehabilitate and repair” residential buildings for the President, the Vice President and their entourages next year – going by details of the budget. Besides, the Presidency estimates that it will spend N733,893,900 on refreshments and meals, foodstuff and catering materials supplies for both the president and the vice president, according to a document stating the ABC of the budget. The Presidency, comprising the offices of the president and the vice president, intends to spend N2.96 billion on local and international travels next year. Under the capital expenditure of the Presidency, the Villa, as it is popularly known in Abuja, the capital city has proposed to spend N2,879,000,000 on residential buildings. A breakdown of the expenditure shows that N2.6 billion is to be spent on the up-
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•ACN candidate Rotimi Akeredolu at the Ondo State governorship election debate in Akure...yesterday
PHOTO: NIYI ADENIRAN
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SOME HIGHLIGHTS CAPITAL: •Repairs of residential building: N2,879,000 •Maintenance of Villa facilities: 2,600,000,000 •Remodeling of the new Vice Presidential guest house at 41 Yakubu Gowon Crescent, Asokoro: N120,000,000 •Completion of rehabilitation of security quarters at Mpape Artillery Asokoro: N120,000,000 •Rehabilitation of SHMC service quarters: N89,000,000 RECURRENT: •Food stuff/ catering materials supplies (President): N294,238,969 •Refreshments and meals: N203,752,432 •Food stuff/ catering materials supplies (Vice President): N112,500,000 •Refreshments and meals: N123,402,499 •Printing of non-security documents (Vice President): N40,784,248 •International travels (others) Vice president: N387,219,988 •Local travels (others) Vice President: N249,775,990 •International travels (others) President: N1,289,624,428 •Local travels (others) President: N1,035,319,145
Dangote Committee targets N100b for flood victims
N
ATIONAL Committee on Flood Relief and Rehabilitation CoChairman Aliko Dangote spoke yesterday of plans to generate N100 billion for flood ravaged states and victims. Dangote told reporters in Abuja after the inauguration of the committee by President Goodluck Jonathan that it plans to raise the cash to complement the government’s efforts at mitigating the effects of the disaster. He said the fund would be raised from both local and international donors.
•Ekiti State Governor Kayode Fayemi with orphaned children during the inauguaration of a building donated to the Erelu Adebayo Orphanage, Iyin-Ekiti, as part of activities marking the second anniversary of his administration ... yesterday
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•SPORT P23 •SOCIETY P25 •BRAND P29 •POLITICS P43 •CITY BEATS P10