Sep 2, 2013

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Nigeria’s widest circulating newspaper

Kwara poll: APC demands true results NEWS

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•Belgore, candidate reject ‘radio’ result

Govt lied on N92b demand, says ASUU NEWS

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•NUC says cash for varsity workers www.thenationonlineng.net

VOL. 8, NO. 2594 MONDAY, SEPTEMBER 2, 2013

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TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

BPE, PHCN investors fine-tune takeover

HE National Council on Privatisation (NCP) and investors in the Power Holding Company of Nigeria (PHCN) distribution and generation companies will today discuss modalities for the handover of the entities. Ten distribution companies and five genera-

From John Ofikhenua, Abuja and Akinola Ajibade

tion companies on August 21 concluded their payment for the power firms — in line with the NPC’s power sector privatisation dateline . The companies are: West Power and Gas; NEDC/KPECO; 4Power Consortium; Vigeo Consortium; and

Aura Energy. Others are: Integrated Energy Distribution and Marketing Company; Sahelian Power; Transcorp/Woodrock Consortium; Amperion; Mainstream Energy Limited; Kainji Power Plc and CMEC/EUAFRIC JV. On the agenda is PHCN workers’ severance package.

The meeting, which is coming barely two weeks after the firms paid their remaining 75 per cent bids price, will also discuss how the operators will avoid the obstacles that have affected the growth of the sector in recent times. “Following its power sector privatisation timeline, Continued on page 4

•CAPITAL BASE MAY HIT N200M AS FINANCE HOUSES’ REFORMS END IN OCT. P25

Jonathan, 16 governors hold talks to rescue PDP Obasanjo: let elders intervene Progressives hail faction

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SEC searches for Boko Haram cash

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HE Securities and Exchange Commission (SEC) at the weekend directed all capital market operators to review their data base and check for any transactions involving entities and individuals related to proscribed extremist groups, especially Borno-based ‘Boko Haram’.

From Yusuf Alli and Augustine Ehikioya, Abuja

HERE were fears yesterday that more Peoples Democratic Party (PDP) governors may jump the sinking ship to deepen the ruling party’s woes. President Goodluck Jonathan, who was shocked by the action of the Atiku Abubakar/ Governors group, has been consulting with “loyal” PDP governors, the party leadership and its Board of Trustees chairman, Chief Tony Anenih. The President last night met with 16 PDP governors at the First Lady’s Conference Room at the Villa in Abuja. At the meeting were: Vice President Namadi Sambo, Secretary to the Government of the Federation (SGF) Anyim Pius Anyim, National Security Adviser (NSA) Sambo Dasuki and Inteligence Agency chief Joe

Business Page 30

Victor Moses at Liverpool

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IGERIA international Victor Moses was spotted in the Anifield crowd during his new side’s 1-0 victory over rivals Manchester United yesterday. Brendan Rodgers is also close to

Continued on page 4

Banks dishonour Taraba’s cheques

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Sport Page 24

Mandela out of hospital

From Fanen Ihyongo, Jalingo

ANKS are rejecting Taraba State transactions done by Deputy Governor Garba Umar. They have not honoured cheques tendered by the deputy governor seeking withdrawals from the treasury since ailing Governor Danbaba Suntai returned on August 25. Umar, on Thursday, told banks that government’s financial transactions should be honoured only if they are in tandem with Continued on page 4

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•A WALK IN OSUN: Governor, State of Osun, Ogbeni Rauf Aregbesola and his Executive Council members leading the crowd during the 12th Walk to Live for Healthy Living exercise at Ijebu-Ijesa, Oriade Local Government…on Saturday

ELSON Mandela, 95, was discharged from hospital yesterday while still in critical condition. He was taken by ambulance to his Johannesburg home where he will receive intensive care, the office of South Africa’s president said. Foreign News Page 56

•CITYBEATS P10•SPORTS P23 •CEO P28 •JOBS P37 •POLITICS P43 •MOTORING P45


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