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First Lady expected in Abuja today
Gunmen kidnap school pupils
NEWS
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•Masked abductors demand N30m
•Jet off to Germany to bring her back
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VOL. 7, NO. 2281 WEDNESDAY, OCTOBER 17, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
ONDO 2012
N150.00
•Mimiko’s party chieftain held over voter cards •Coastal area declares support for Akeredolu •AND MORE ON •Workers decry order to attend LP rally PAGES 4&5
Senate pegs oil benchmark at $78 •National Assembly opens Budget 2013 debate From Onyedi Ojiabor, Sanni Onogu, Victor Oluwasegun and Dele Anofi, Abuja
T
HE Senate yesterday adopted a $78 per barrel oil benchmark for 2013 fiscal year. This is contrary to the position of the House of Representatives, which has adopted an oil benchmark of $80 for the fiscal year. President Goodluck Jonathan, in his 2013 Appropriation Bill, presented an oil benchmark of $75 per barrel. Minister of Finance Dr. Ngozi OkonjoIweala has cautioned that the $75 oil benchmark should be retained in order not to disrupt the economy, in the event of unfavourable oil sales in the international market. The Senate’s position followed the passing of 2013-2015 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The Chairman, Senate Committee on Finance, Senator Ahmed Makarfi, presented the report of the Joint Committee on Finance, National Planning, Economic Affairs and Poverty Alleviation, which considered the MTEF and FSP, to the Senate for approval. Makarfi noted that after exhaustive deliberation on the 2013-2015 MTEF and FSP, in line with the 1999 Constitution (as amended) Fiscal Responsibility Act 2007 and consultation with stakeholders, the joint committee arrived at its recommendations. Continued on page 59
•Suspected killers of four undergraduates of the University of Port Harcourt (UNIPORT) at the Police Headquarters, Port Harcourt, Rivers PHOTO: BISI OLANIYI State…yesterday.
Suspect indicts policeman in UNIPORT killings
O
NE of the 13 suspected killers of the four University of Port Harcourt (UNIPORT) undergraduates yesterday relived the jungle justice that has brought Aluu community into infamy. David Chinasa Ugbaje (30) said a policeman joined in
From Bisi Olaniyi, Port Harcourt
beating the youths; another was pleading that they be released. The 13 suspects, including the paramount ruler of Omuokiri-Aluu, Ikwerre Local Government Area, Rivers State
Alhaji Hassan Welewa (59), were paraded at the Rivers State Police Headquarters, Moscow Road, Port Harcourt, by the Commissioner, Mohammed Indabawa, who said the video of the murder assisted the command in identifying the suspects.
Biringa Chiadika Lordson, Year Two, Theatre Arts, U2010/ 1805036; Ugonna Kelechi Obuzor, Year Two, Geology, U2010/ 5565149; Mike Lloyd Toku, Year Two, Civil Engineering, U2010/3010094 and Tekena Erikena, a Certificate student in Continued on page 2
Abdulsalami’s group wins Ikeja, Ibadan PHCN firms Fed Govt makes N19.25b from sale of 10 electiricty distribution companies
I
NTEGRATED Energy Distribution & Marketing, a firm owned by former Head of State Gen. Abdusalami Abubakar emerged yesterday the core investor of the Eko, Ikeja, Ibadan and Yola electricity distribution companies. The Federal Government raked in N197.25billion from the sale of its 60% equity in 10 of the 11 electricity distribution
WHO GOT WHAT •Integrated Energy Distribution (Eko, Ikeja, Ibadan & Yola) •Interstate Electrics Nigeria Ltd (Enugu & Abuja) •Vigeo Power (Benin)
•Aura Energy Limited (Jos) •Sahelian Power SPV (Kano) •4Power Consortium (Port-Hacourt) •NIC (Kaduna)
By Emeka Ugwuanyi and John Ofikhenua, Abuja,
pany of Nigeria (PHCN). The Chairman of the Technical Committee, National Council on Privatisation (NCP), Mr.
companies (DISCOs) in the unbundled Power Holding Com-
Atedo Peterside, broke the news in Abuja during the opening of the commercial bids of the privatisation of PHCN successor distribution companies. In the case of Kaduna Distribution company, he noted, “neither of the two bids received was technically qualified”. “Therefore, the Bureau of Public Enterprises (BPE) will Continued on page 2
•SPORT P23 •LIFE P25 •MONEY P30 •INVESTORS P32 •POLITICS P51