Binder1 thursday april 3,2014

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Sanctity of Truth Facebook.com/newtelegraph

Thursday, April 3, 2014 Vol. 1 No. 44

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Nigeria’s most authoritative newspaper in politics and business

Nigeria’s crude production falls to five-year low lLoses Africa’s biggest oil producer status to Angola l2014 Budget threatened Adeola Yusuf

N

igeria’s oil production and export schedule

have fallen to 1.59 million barrels per day (bpd), the lowest in five years, threatening the 2014 Budget, the

crude loading data has revealed. Nigeria, which depends largely on proceeds from

crude to service over 85 per cent of its budget, fixed the average crude oil production at 2,3883

million barrels per day in 2014 Budget. The National Assembly, which dished C O N T I N U E D O N PA G E 6

Tambuwal: I’m not under pressure to declare Reps’ seats vacant

Pages } 5

Constitution amendment, confab cause row in Senate

lConference’ll amount to nothing, say Senators lDelegates seek death penalty for corrupt officers Chukwu David Abuja

I

t was a tug of war in the Senate yesterday as senators were sharply divided over the attempt by the Senate Committee on the Review of the 1999 Constitution (as amended) to allow the President to

be part of the process of authoring a new Constitution. This was as most of the senators, especially members of the opposition All Progressives Congress (APC), unequivocally declared that there was no need for a new constitution.

Few members of the ruling Peoples Democratic Party (PDP), however, supported the opposition lawmakers. Also, most of the legislators, irrespective of party affiliation, expressed their

pessimism and total aversion to the ongoing National Conference, insinuating that the exercise would amount to nothing. Some also posited that aligning with the conference would amount to

giving out the powers of the parliament and the mandate of the people to a group not recognised by law. The disagreement in the Senate emanated from the report of the Commit-

tee on the Review of the 1999 Constitution on “the Bill for an Act to further alter the provisions of the Constitution of the Federal Republic of Nigeria 1999 and for other matters conC O N T I N U E D O N PA G E 4

Rivers to NJC: Agumagu remains Chief Judge Joe Ezuma

Port Harcourt

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ivers State Government yesterday formally rejected the suspension of its Chief Judge, Justice P.N.C Agumagu, by the National Judicial Council (NJC). Justice Agumagu was suspended last week and given four days to show cause why he should not be removed.

INSIDE

News. . . . . . . . . . . . . . Metro . . . . . . . . . . . . . Politics . . . . . . . . . . . . Opinions. . . . . . . . . . . Law. . . . . . . . . . . . . . . Business . . . . . . . . . . . Health. . . . . . . . . . . . . Sport. . . . . . . . . . . . . .

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The Rivers State Government further described the suspension as illegal and unconstitutional. As a result, it maintains that Justice Agumagu remains the substantive Chief Judge. The state government’s position was made known by the Attorney-General and Commissioner for Justice, Worgu Boms, while speaking to newsmen in C O N T I N U E D O N PA G E 6

Lagos

Rain storm O O

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L-R: Company Secretary, Zenith Bank Plc, Mr. Michael Osilama; Chairman, Sir Steve Omojafor; outgoing Managing Director/GovernorDesignate, Central Bank of Nigeria, Mr. Godwin Emefiele and incoming Managing Director/CEO, Zenith Bank Plc, Mr. Peter Amangbo, during the bank’s 23rd Annual General Meeting in Lagos...yesterday. PHOTO: SULEIMAN HUSAINI

AT A GLANCE

METRO

POLITICS

BUSINESS

Again, ritual killers’ den discovered in Ogun Page 12

SPORTS

2015: Southern Kaduna will vote against Jonathan, says Danfulani Page 17

NCC to auction Fixed Wireless licence in 28 states Page 29

NFF vs Keshi: Eagles players sue for peace Page 53


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