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BUSSINES
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•It’s in line with ‘popular trend’
•Accused plead not guilty
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VOL. 7, NO. 2309 WEDNESDAY, NOVEMBER 14, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
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President seeks lawmakers’ nod on $1b bond
P
RESIDENT Goodluck Jonathan has asked the House of Representatives for permission to issue bond worth $1billion — “in continuance of the programme initiated under the administration of President Umar Musa Yar’Adua “
From Victor Oluwasegun and Dele Anofi, Abuja
The president made the request in one of his three letters to the National Assembly. He applied for amendments to 2012-2014 MediumTerm External Borrowing Plan and requested for a “$100 million Diaspora
Bond”. Though the letter did not enumerate the projects of the late Yar’Adua that he wishes to complete, Jonathan said the federal government was developing a low-income housing finance facility to support affordable homes for Nigerians. The letter reads: “The fed-
eral government is currently developing a low-income housing finance facility to support the provision of affordable homes for Nigerians. This scheme will be financed using a $300 million credit facility from World Bank. We would like to swap Continued on page 63
Obasanjo slams Jonathan’s response to Boko Haram Ex-President defends Odi invasion Akinyemi advocates conference
I
•Dr. Jonathan
T was meant to be a lecture in honour of a distinguished pastor celebrating his 40th anniversary on the pulpit. But the forum turned out to be more; it became a podium for a blistering criticism of the Jonathan administration. Former President Olusegun Obasanjo lashed out at the Dr. Goodluck Jonathan administration for what he called its slow handling of the Boko Haram insurgency. He also accused the administration and that of his succes-
3000 troops for Mali mission
My fear is that when you have a sore and ‘you don’t attend to it early enough, it festers and becomes very bad. Don’t leave a problem that can be bad unattended From Shola O’Neil, Warri
sor, the late President Umar Musa Yar’Adua, of being soft on corruption. Boko Haram’s gunmen have killed thousands of people in the North, especially in Borno and Yobe states – the
epicentre of their activities. Many schools have been burnt down. Many churches have been attacked by suicide bombers as the sect intensifies its violent activities. Obasanjo, who was instrumental to the enthronement of
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the late Yar’Adua and Jonathan, said the sect’s activities would have been nipped in the bud had drastic steps been taken at the initial stage of Boko Haram’s insurgency - as he did in 1999 when he deployed troops in Odi commu-
nity, Bayelsa State. He spoke in Warri as the moderator of a public lecture by former External Affairs Minister Prof Bolaji Akinyemi in honour of the Christian Association of Nigeria (CAN) President Pastor Ayo Oritsejafor, who is marking his 40th anniversary as a pastor. The former president accused his successors of allowing the Boko Haram scourge to become a nationContinued on page 2
GOOD TO HAVE YOU HERE...
From Yusuf Alli, Abuja
N
IGERIA and other members of the Economic Community of West African States (ECOWAS) will contribute 3,000 troops to the United Nations Intervention Mission to check Al-Qaeda and Boko Haram in Mali . The Nigerian Security and Civil Defence Corps plans to send 200 members of its armed squad to join the team. It was also learnt yesterday that the United Nations Security Council will meet tomorrow to consider the Action Plan for the intervention in Mali. But, unlike a similar campaign in Liberia, the UN will solely bear the cost of the mission in Mali. According to a highly-placed source, who spoke in confidence on the Mali mission, the troops will be deployed immediately after approval by the Security Council. The source said: “We are set for the military intervention in Mali anytime from now. On the whole, ECOWAS will send a 3,000man force to that country to check the AlQaeda Movement and their allies like Boko Continued on page 2
•Osun State Governor Rauf Aregbesola addressing members of the Peoples Democratic Party (PDP) who defected to the Action Congress of Nigeria (ACN), at the Government Technical College Ground, Osogbo...yesterday. STORY ON PAGE 8
•SPORT P23 •LIFE P25 •MONEY P30 •INVESTORS P32•POLITICS P45