Binder9999 friday, july 11, 2014

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Sanctity of Truth Facebook.com/newtelegraph

Friday, July 11, 2014 Vol. 1 No. 143

twitter.com/newtelegraph1

www.newtelegraphonline.com

N150

Nigeria’s most authoritative newspaper in politics and business

Senate rejects call to remove fuel subsidy

lAdopts committee report on $49.8bn unremitted oil funds lOrders NNPC to refund $218m Chukwu David Abuja

Senate yesterday reThejected a recommenda-

tion by its Committee on Finance, headed by Senator Ahmed Makarfi, which investigated the alleged unremitted $49.8 billion from

oil sale proceeds by the Nigerian National Petroleum Corporation (NNPC) for the removal of fuel subsidy. It also ordered the oil

corporation to refund to the Federation Account $218.069 million being the share of the federation from third party financing

agreement it did not remit. The Senate, while adopting the report of the committee, upheld its recommendation that NNPC

failed to remit the sum to the Federation Account. The committee was saddled with the task followCONTINUED ON PAGE 4

Army court-martials 18 soldiers for mutiny

lUN adopts new strategy to tackle Boko Haram

Emmanuel Onani and Anule Emmanuel

T

he Chief of Army Staff (COAS), Lt-Gen. Kenneth Mininah, has ordered the court-martial of over 18 soldiers deployed in Borno State to prosecute the counter-insurgency war, for mutiny and other “administrative operational offences.” The errant soldiers, according to military sources, were involved in an attempted mutiny against the former General Officer Commanding (GOC) 7 Division, Maj. Gen. Ahmadu Mohammed. The sources, who spoke separately with New Telegraph, said apart from the alleged mutinous soldiers, the army headquarters CONTINUED ON PAGE 2

L-R: Former Managing-Director, Daily Times Plc, Dr. Yemi Ogunbiyi; guest speaker, Prof. Pat Utomi and Minister of Information, Mr. Labaran Maku, at the 80th birthday of former Managing Director, Champion Newspapers, Henry Odukomaiya, in Lagos…yesterday

Impeachment: Nyako, lawmakers close to deal lAgain, panel shifts sitting venue Ibrahim Abdul Yola

R

eprieve may be underway for beleaguered Adamawa State Governor, Alhaji Murtala Nyako, as he moved towards resolving

his differences with lawmakers who have initiated a process to remove him from office. The governor, it was learnt yesterday, met in Abuja on Wednesday be-

hind closed doors with the lawmakers, who were led by the Speaker, Ahmadu Umaru Fintiri. At the meeting, according to a source, the two parties had negotiated on

how to resolve the crisis of confidence that degenerated to the bid by the lawmakers to impeach the governor and were close to resolving their differences.

Notwithstanding the rapprochement between the feuding parties, the seven-man panel set up to probe allegations of gross misconduct against the governor and his deputy, Mr. Bala James Ngilari, CONTINUED ON PAGE 2

Court restrains AMCON, AGF from tampering with Ibru’s assets } LAGOS

Storms

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Jonathan picks Chidoka to replace Oduah in cabinet

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