Feb 14, 2014

Page 1

Newspaper of the Year

Ekiti PDP primary News Sports for March 15 NEWS

Page 8

•Osun gets April 5 date

Ex-Oyo HOS, others to lose property P9

Home-based Eagles are N31m richer P59 Business More knocks for budget at 2nd reading P12

•Nigeria’s widest circulating newspaper

VOL. 9, NO. 2759 FRIDAY, FEBRUARY 14, 2014

•www.thenationonlineng.net

TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

•REPS OKAY ODUAH’S SACK P6 •TWO MEN TO DIE BY HANGING FOR RAPE P58

Forensic experts to trace missing $8b oil money Senate gives one-month deadline

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ORENSIC experts should examine the state of the Federation Account, the government suggested yesterday. Such an audit by independent experts will reveal whether or not $20 billion is missing - as alleged by Central Bank Governor Sanusi Lamido Sanusi. Chairman Senate Commitee on Finance, Senator Ahmed Makarfi, urged the audit panel to do the assignment in one month. The committee, he said, would reconvene on February 20, for legal advice. Addressing members of the committee in Abuja, Finance Minister Ngozi Okonjo-Iweala said: “on the $10.8 billion which we had all originally agreed was the shortfall from the NNPC, they have produced documents certified by PPPRA with background documentation to back it, but we do not feel that the reconciliation committee has the expertise and then we are calling for a forensic audit of these papers in order to lay to rest what the

On the $10.8 billion ... shortfall from the NNPC, they have produced documents ... we are calling for a forensic audit to lay to rest what the shortfalls may be. – Okonjo-Iweala NNPC shipped about $67 billion worth of crude and about $47 billion came back into the federation account; so, there is a $20 billion shortfall. – Sanusi From Onyedi Ojiabor, Nduka Chiejina and Sanni Onogu, Abuja

shortfalls may be, what the NNPC owes or does not owe the Federation Account.”

On the $20 billion, which Sanusi insisted was missing, Mrs Okonjo-Iweala said: “On the additional charges made by the CBN, the Reconciliation Committee feels that the matter ranges around legal issues and that it, therefore, requires legal experts to answer the questions of who owns these proceeds - NNPC or the Federation Account.” However, the minister revealed that “as of December 2013, the cumulative unreconciled shortfall from NNPC payments stood at N1.792 trillion”. She added: “For the $10.8 billion, this is the shortfall as at July 2013, which mirrors the period the CBN originally looked at. Amount withheld for subsidy, $8.766 billion; holding cost for strategic reserves, $0.499 billion; crude oil and product losses, $0.76 billion; pipeline management cost $0.905 billion for a total of slightly more than the $10.8 billion we talked about. The data presented were all certified by PPPRA as being accepted by them and signed upon.” Continued on page 4

Unease in Jonathan’s camp over Obasanjo

PHOTOS: ABAYOMI FAYESE

I didn’t kill Bola Ige, says tearful ministerial nominee

•Anxiety over one-term comment

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From Yusuf Alli, Managing Editor, Northern Operation, Abuja

F

ORMER President Olusegun Obasanjo’s disclosure that President Goodluck Jonathan promised to spend only one term in office has ignited a fresh anxiety in the President’s camp. There are fears that Obasanjo’s comments may be a pointer to a major coalition against Dr Jonathan’s second term bid, which is well known, but yet to be announced. But a key strategist of the President said that Obasanjo “cannot intimidate Jonathan out of second term race”. According to Bloomberg, Obasanjo stirred the hornet’s nest on Tuesday in London in an interview in which he confirmed that Jonathan asked for one term in office. Continued on page 2

•HO HOT HO T TEARS: Adesiyan weeping ...yesterday

•Obasanjo

•Senator: can you swear by the Qur’an?

T was strange and emotional. A wouldbe minister was asked to say what he felt the Senate should know about him that was not stated in his CV. His eyes suddenly turned red, releasing a flood of tears. “I did not kill Chief Bola Ige,” Alhaji Abduljelili Oyewale Adesiyan sobbed as he laboured to clear his name of the accusation that he had a hand in the death of Chief Ige. The former Attorney-General and Justice Minister was assassinated in his Bodija, Ibadan home on December 23, 2001. The Senate resumed the screening of min-

From Onyedi Ojiabor and Sanni Onogu, Abuja

isterial nominees, which it began on Wednesday. Former Adamawa State Governor Boni Haruna was the first to be screened. When Adesiyan took his turn, Senate President David Mark, as usual, asked him to make a personal explanation, especially on those things that were not in his curriculum vitae . Adesiyan, who was nominated by President Goodluck Jonathan from Osun State, Continued on page 2

•SPORTS P18 •SOCIETY P14 •POLITICS P51 •CITYBEATS P56 •FOREIGN P59


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