Nigeria’s widest circulating newspaper
Osun’s $1m traced to bank
Weep not for Cynthia, says family NEWS Page 4
NEWS Page 10
•Two summoned over $3m job
•Friends, others at Service of Songs
www.thenationonlineng.net
VOL. 7, NO. 2240 THURSDAY, SEPTEMBER 6, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
N150.00
CBN defends N5,000 note amid calls for Sanusi’s sack Bank: no plan 60 shops, millions gone in Ibadan market fire to spend N40b NMA, CNPP, CDHR angry
•PAGE 56
Nduka Chiejina (Assistant Editor)
O
PPONENTS of theN5,000 banknote are not giving up, despite the official support for the plan. In fact, they have raised their demand – from asking the government to tell the Central Bank of Nigeria (CBN) to pull the brakes on the scheme to calling for CBN Governor Sanusi Lamido Sanusi’s sack. But the CBN, again, defended the plan yesterday, saying it will not cause inflation – as feared in many quarters – and will be economical to produce. The CBN explanation came amid fresh protests by some organisations, who are opposed to the plan. They called for Sanusi’s sack. Angry are the Nigeria Medical Association (NMA), the Committee for the Defence of Human Rights (CDHR) and the Conference of Nigeria Political Parties (CNPP). The CBN plans to spend less than N32 billion to print the new regime of currencies, which will be introduced from the first quarter of next year. A statement from the CBN’s Director of Corporate Communications, Mr. Ugochukwu Okoroafor, said the apex bank had over the years reduced the cost of printing and minting currencies, as such, the printing and minting of the proposed new currencies will follow the same trend. Okoroafor said: “Under the new currency structure, in which the N5000 denomination will be introduced, our projection is that the total volume of currency to be produced will Continued on page 2
•The scene of the fire...yesterday
Gunmen attack MTN, Airtel masts in Kano, Borno, Bauchi, Yobe
T
HE fundamentalist group, Boko Haram (Western education is a sin), appears to have changed tactics in its relentless insurgency. It now targets telecommunications operations. Masts belonging to major telecoms companies were yesterday attacked by gunmen, who are suspected to be members of the group. Besides, there were explosions in five cities in the North – Bauchi, Maiduguri, Damaturu, Potiskum and Kano. Some traders were killed in Maiduguri, the
From Kolade Adeyemi, Kano, Duku Joel, Damaturu and Austine Tsenzughul, Bauchi
Borno State capital, where the office of telecoms giant MTN was set on fire. The torching of the MTN office came a week after the Joint Task Force (JTF) raided the Dala Ward home of a suspected key commander of the sect and recovered 54 assorted SIM cards, in addition to arms and ammunition. The MTN Regional Office in West- End on Baga Road and nine telecommunications Continued on page 2
•Mr. Sarafa, an eletrical parts seller, whose shop got burnt, mourning his loss...yesterday PHOTOS: FEMI ILESANMI
•GOVT RESTORES DANA AIR’S LICENCE P2 •LAGOS TRAFFIC LAW ON P7