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NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS /newtelegraph
Vol. 1 No. 336
Wednesday, January 21, 2015
@newtelegraph1 www.newtelegraphonline.com
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Inspector-General of Police moves Mbu to Lagos
Fuel marketers demand N250bn subsidy
Adeola Yusuf
B
arely three days after the Federal Government slashed pump price of Premium Motor Spirit (PMS) to N87 per litre, marketers yester-
day renewed demand for payment of their N250 billion outstanding subsidy. Rising under the auspices of the Major Oil Marketers Association of Nigeria (MOMAN), the marketers who said that
N95 billion of the debt is on accumulated Foreign Exchange (FOREX) differentials plus interest, demanded for an increase in N4.60 fuel distribution margin accruable to them on each litre of fuel.
Executive Secretary, MOMAN, Mr. Thomas Olawore, who said this at a press briefing in Lagos added that for the first time in the history of fuel price change in Nigeria, the government did not carry
marketers along with its Sunday night announcement of reduction in the price. This came as the Minister of Petroleum Resources, Mrs. Diezani AlisonCONTINUED ON PAGE 5
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24 days to go... Nigeria votes
2015
ria Nige
s vote
2015
}14 & 15
Army to Buhari: Your certificate not with us
lDon't drag military into politics, APC warns
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In trying to destroy Gen. Buhari, the PDP and the Jonathan administration will end up destroying the Army as an institution – APC
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Neither the original copy, certified true copy (CTC) nor statement of result of Buhari’s WASC result is in his personal file – Army
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Buhari
Travel Advisory Your guide to local and international flights 4
PDP, APC, others condemn Fayose's ‘offensive' advert lGovernor: I have no regrets, apologies
Onyekachi Eze, Johnchuks Onuanyim, Adesina Wahab and Temitope Ogunbanke
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E
kiti State Governor, Mr. Ayodele Fayose, yesterday came under attack from the Peoples
Democratic Party (PDP), All Progressives Congress (APC), Civil Society Organisations (CSOs) and
Buhari Support Organisations (BSO) over his hate advert on the APC presiCONTINUED ON PAGE 6
Quick Read
Editorial
The Obi/Obiano rapprochement
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IMF cuts Nigeria’s growth }2 to 4.8%