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Lagos police parade three ‘Bloody Sunday’ suspects P15 Nigerian girls spank FIFA U-17 host Azerbaijan 11-0 P23 Hundreds homeless as floods sack Oyo villages P13 www.thenationonlineng.net
VOL. 7, NO. 2260 WEDNESDAY, SEPTEMBER 26, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
ONDO 2012
N150.00
•We resigned, say Mimiko’s ex-aides •Oke: LP planning to rig Ondo poll •Akeredolu seeks transfer of police chief
•AND MORE ON
PAGES 10-12&51
PHCN: FirstBank, Otedola, IBB, Elumelu bid $1.11b Berger, Nestoil, others among successful bidders
By Emeka Ugwuanyi and John Ofikhenua, Abuja
A
MAJOR step in the battle for stable electricity was taken yesterday. Construction giant Julius Berger, First Bank, Transcorp and Forte Oil, owned by businessman Femi Otedola, are among the consortia of companies named as successful bidders for the unbundled Power Holding Company of Nigeria (PHCN) generation firms. Five of the six generation companies were put up for the bid. The sixth – Afam Generation Company – was excluded because non of the three companies that submitted bids for it was qualified. The six generation companies are part of the 18 firms in the unbundled PHCN – the power behomoth that has failed to take this country out of darkness. National Council on Privatisation (NCP) chair Mr. Atedo Peterside announced the result. The companies are located in Geregu, Ughelli, Sapele, Shiroro and Kainji. The Bureau of Public Enterprises (BPE) named a consortium, which includes Transcorp Nigeria Plc, as the highest bidder for the Ughelli Power Plc, with an offer of $300 million. The consortium of Transcorp and Wood Continued on page 2
•Action Congress of Nigeria (ACN) candidate in the October 20 governorship election in Ondo State Mr. Rotimi Akeredolu speaking at a Youths Forum in Akure...on Monday. Story on Page 12
Excess Crude Account: States demand shares in NIPP, others •Supreme Court gives Nov. 21 deadline
T
HERE is a twist to the suit filed by the 36 states against the Federal Government over the legality of the Excess Crude Account (ECA). Although it was for hearing yesterday, the matter could no go on because the parties were yet to settle. The states have tabled fresh demands before the Federal Government as part of conditions for an amicable settlement. Federal Government counsel Austin Alegeh (SAN) said the fresh demands were received last Thursday. He told the panel of seven justices, chaired by Justice, Christopher Chukwuma-Eneh,
From Kamarudeen Ogundele, Abuja
that the Federal Government was committed to an amicable settlement. “Happily, the settlement has been ongoing and we are achieving results. On Thursday, we received new proposed settlement from the plaintiff. The defendant is reviewing it and we will shortly revert to the plaintiffs in respect thereof. We believe now more than ever before that the settlement move seems to be yielding results.” The Plaintiffs’ lead counsel, Adegboyega Awomolo (SAN), promised to embrace setContinued on page 2
•Vice President Namadi Sambo (left) presenting the 18th National Sports Festival “Eko 2012” Torch of Unity to Lagos State Governor Babatunde Fashola at the Presidential Villa, Abuja...yesterday. Story on Page 41
•SPORT P23 •LIFE P25 •MONEY P30 •INVESTORS P34 •POLITICS P51