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Vol. 1 No. 316
Thursday, January 1, 2015
@newtelegraph1 www.newtelegraphonline.com
N150
Oil price falls below $56 per barrel }6
Economy: Walking a tight rope Sunday Ojeme
A
s Nigeria enters the New Year today, the nation's economic managers are faced with one of the toughest jobs
on their hand in keeping the economy on an even keel. Since the economy is facing headwinds as a result of the volatility in the global oil market that has led to about 50 per cent
fall in government revenue projection for the year, Nigerians have been gripped with apprehension about their wellbeing in the New Year. The price of global
benchmark Brent crude has nearly halved in 2014 as demand growth slowed, the United States expanded output and Organisation of Petroleum Exporting CONTINUED ON PAGE 8
NEW TELEG
RAPH THURS
Interview
DAY, JANUA
RY 1, 2015
Awolowo: Arbitration prolonged is remedy litigation for
23&25
Law
News
Lagos name new DPP s Alakija
24
21
Jonathan ’s el others’ ca igibility, Sanusi, A ses shaped liso 2014 judic n-Madueke, ial year
Jonathan
Although Dieziani the year 2014 without a would not reflection have com on some the year, e and gone of making it unforgett the cases that shap OYESINA able in the ed write judiciary, shaped legal s on some cont TUN roversial preceden cases whic DE t in the outg h one year he year
Tambuwal
to enter tain Although the suit.
Page 21
five pages of Law
2015: It's here T
Justice washed Oniyangi withdraw the matter of his hands The appea appeal. following of the l was howe dictional turned lack of end witho2014 did not on the powers to adjudjuris- to decid to the Court of ver reindelible ut leaving an eligibility of Presi matt Appe e. icate for the Cour er, Njoku head dent Good yet to fix However, the court al judiciary mark on the luck Jonathan a date for to re-contest t of Appe ed gation is 2015 gener as far as lenge the Similarly hearing. is al to witnessedconcerned. The liti- Goodluck al election. Presi the , another the appel his decision. It chal- by the year suit filed dent Jona so many was at duo of stituted Wahab tain of thelate court that cases in- ticket of the than will fly the by a chief- and Adejumo Olatoye People’s Peoples rate bodie individuals, crati Party Ajagbe the Diez c Democratic DemoFederal , Uma s and organ corpo- mont Party (PDP iani’s among other High Cour before ) in the joined as r Ardo sough izations, h’s electi practically, case t t to be pending as the a co-appella on follow next from polit s. Such cases ‘coronatio court hasis still Janu Ardo brou ing range nt. ary ical, n’ had his at the fixed 12 to hinge civil. Whil criminal vention tion for the judiciary ght a forthnightPDP’s conjoinder d his applica- request of the decide on the are still e some of the and and on In a suit that he ago. was inter the grounds plaintiffs are plaintiffs. The initiated the ous cour pending befor cases acus Njok House of contendin testing Jonathan ested in by Cyrie for u at an g that decided. ts, others have vari- Court, Represen Abuja High President the position con- next montcannot participat the been of tativ e in void the court was asked Prominent of the PDPunder the platfo the tion becau h’s presidenti candidacy a collision es on to amon rm se Mr. Presi al eleces was the and that ing sion of of the the deci- taken oath of suit challg such cas- he party on the dent had the cour grounds rulas to whe course office of enging appeal had been t on Njok At the the provi that woul twice. ther it has way or the d affect him u’s the plain last adjourned sions of caught by the powers to tiffs one to date, other. the Cons having spent After refer the asked the cour two term titution public offic summon years in case t applicati listening to s of four office. Ardo’s of Appeal but to the Cour on, the ers without t Njoku court struc the Gene necessar k out the appellate oppo ral of the Fede Attor neygality of is challenging ily grou publ appea nds that ratio the Jona sed the next mont than to re-co leArdo lacke l on tendi applicatio n had locus stand its resolutio ishing ng that grounds h’s election ntest the Cour n, connot a party i to join since d the peal could on the that he had t of Aphe was a Gazette n in FOLUSO the requ risdiction not assume exha The courtat the lower court before OGUNMOD of the Fede the juinsis . the Cons irements allow usted EDE did not JUDICIARY invitation ed by titution ral High show any ted that Ardo Court. EDITOR of Mr. Presi for the est that special foluso.ogunm Another office could warr inter case that newtelegraph odede@ Deliveringdent. join thye ant him - year 2014 was shaped the online.com suit as ruling in to Justi © Daily Telegra ter, the the judge party an the inter trial . ce A.R Moha ph Publish ment ested judge, Justi matdashiru ing Compa Federal Apparentl mmed of of ce ny Limited High Cour the the suit Oniyangi dism MuArdo head y dissatisfie Abuja whic t sitting h set d, the cour on the grounds issed in Supreme ed approach t lacked that ed the of invitation sentaside the letter jurisdicti court howe Court. The of Repr by the esent on to a final ver laid the apex leum Mini atives to the House matter Petro Ardo’s rest when it held Madueke ster, Deziani Aliso case and the ntherefore lacked meri that tional Petroleum Nigeria Nacompelled t, and Corporati him to on CONT INUED
ON PAGE 22
lNigeria heralds most decisive year lJonathan, Mark, Tambuwal, Ekweremadu, Buhari, govs seek better Nigeria }5
Nigeria's make -or-break year ISSUE in the news Ayodele Ojo
F
or Nigeria, 2015 will be a decisive year. The future of Nigeria will be determined by a series of events, especially in politics, economy and security. Generally, 2015 is seen as a year of election. Politics, economy and security are critical issues that shape
a nation. Politically, Nigeria will be going through electioneering process that peaks in February. The economy is facing a serious challenge in the face of the crash in oil price in the international market. Nigeria’s economy depends majorly on oil. Also, the nation is being confronted with security challenges, occasioned by Boko HaCONTINUED ON PAGE 5
APC accuses FG of hunting opposition leaders
Business }31
PHOTO: suleiman husaini
Editorial }19
}7 lPolice tighten security for New Year
Travel Advisory Guide to local and international flights }4