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FG running short of cash, Okonjo-Iweala insists Inflation rate drops to 8.4% in June, lowest in 5 years TOLA AKINMUTIMI AND TORDUE SALEM Vol. 3 N0. 666 T he Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday insisted that the Federal Government is experiencing shortfalls in funds required to implement the CONTINUED ON PAGE 5>> PDP convention: Jonathan wades into Tukur, Gana face-off No anointed candidates for NWC, says party chair P.13 Wednesday, July 17, 2013 Constitution amendment: Senate rejects single term, LG autonomy ...okays life pension for Senate President, Speaker, others ASUP calls off 81-day old strike ASUU rejects post-UTME test P.4 Al-Mustapha not Brig-Gen –Army Three terrorists die in shootout with JTF P.52 National Youth Service Corps Batch ‘B’ members during their passing out parade in Jos, Plateau State, yesterday. N150 GEORGE OJI AND TORDUE SALEM T he Senate yesterday rejected the proposed six-year single tenure for elected presidents and governors as the lawmakers overwhelmingly voted against it. The single tenure proposal was shut down with a vote of 86 to 14 and one abstinence. Interestingly, the Senate yesterday recorded the CONTINUED ON PAGE 2>>


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