The Nation October 07, 2014

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Ekiti APC, PDP row over violence plan NEWS

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Newspaper of the Year

News Abandoned girl ‘not from Chibok’ P6 Sports Victor Moses’ absence a big blow P24 Business ‘Fake crude lifting order in town’ P11

•Nigeria’s widest circulating newspaper

VOL. 9, NO. 2994 TUESDAY, OCTOBER 7, 2014

•www.thenationonlineng.net

TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

‘Report on missing NNPC $10.8b ready soon’

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HE last may not have been heard of the Audit report on the $10.8bn alleged to be missing from the coffers of the Nigerian National Petroleum Corporation (NNPC). Minister of Finance Dr. Ngozi Okonjo-Iweala said yesterday in London that the report will be ready next

•Mrs. Okonjo-Iweala

From Nduka Chiejina, Abuja

month. She spoke at the Financial Times Africa Summit 2014, adding that the audit report was commissioned because of the need for transparency and the interest generated on the matter. ”Initially it was $48bn, then $20bn; but the figure

we have always had is $10.8bn. I am Minister of Finance; if money is missing I want it – to use it for good things for the country and that was why when we went to the Senate, we demanded for forensic audit. The president supported it and asked for it to be done. “We engaged PwC, with

the Auditor General taking the lead. They asked for 16 weeks to complete the work; they have spent 11 or 12 weeks so far and they will be done in a couple of weeks.” Director General of Securities and Exchange Commission (SEC) Ms Arunma Oteh said Nigeria had been focusing on Small and Me-

dium Enterprises development as a way of creating more jobs and improving the standards of living. She said: “I think first and foremost is the recognition globally about the importance of SMEs because they are the ones that create jobs. I think there is Continued on page 4

•INSIDE: KWARA: AHMED, MINISTER DIFFER ON WOKERS’ PAY P58 THREE DIE IN OYO P7

Bad arms deal: Nigeria loses $5.7m more to South Africa Official blames fifth columnists

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SOUTH AFRICAN government agency has seized $5.7million cash allegedly belonging to the Nigerian government. The cash, like the $9.3million seized three weeks ago, is reportedly meant for purchase of arms. But a top Federal Government security source said last night that “fifth columnists” might have generated the story. The source claimed that there was no fresh cash seizure. The government official described the report published by a South African newspaper as “refreshment of the old story with a new story angle”. South African newspaper Rapport, a sister publication of City Press, reported that the Asset Forfeiture Unit of the National Prosecuting Authority (NPA) has seized $5.7million for yet another arms deal between South Africa and Nigeria. This, said the report, is the second multimillion-rand arms deal between the two countries in the past month that has resulted in the money being frozen in South African banks. Last month, $9.3million in $100 bills stashed in suitcases was seized at Lanseria Airport, north of Johannesburg. The money was frozen in both cases for allegedly being the proceeds of illegal transactions.

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WHEN WILL THE CHIBOK GIRLS KIDNAPPED ON APRIL 15 BE FREED?

•THE CHAMPIONS: Imo Deputy Governor’s float on parade during the Imo Carnival in Owerri

Boko Haram beheads seven as troops kill hundreds STORY ON PAGE 2

Military retakes Michika Catholics: we’ve lost 154 parishes

•TRANSPORTATION P14 •ENERGY P17 •SPORTS P23 •POLITICS P43 •PROPERTY P48


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