Tuesday 2nd August 2016

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Kaduna Judicial Panel Recommends Prosecution of Soldiers, El-Zakzaky Says troops killed 348 sect members in Zaria John Shiklam in Kaduna and Zacheaus Somirin with agency report The Judicial Commission of Inquiry set up by the

Kaduna State Government to investigate the December 12-14, 2015 clash between the Nigerian Army and members of the Islamic Movement in Nigeria (IMN), also known as

Army: We’re studying the report

Shiite or Shia sect, has indicted the leader of the group, Sheikh Ibraheem El-Zakzaky, for alleged acts of lawlessness by his members. The 13-member panel

headed by Justice Mohammed Garba Lawal, in its reported submitted recently to Governor Nasir el-Rufai which was made public in Kaduna Sunday night, said El-Zakzaky

and his members should be held responsible for the bloody clash with the Nigerian Army last December, which led to the deaths of 349 people, including one soldier.

The report also accused the Nigerian Army of “disproportionate use of force contrary to its rules of Continued on page 6

APC Wades into Imbroglio over Budget, Invites Abdulmumin to Appear before C'ttee Today… Page 9 Tuesday 2 August, 2016 Vol 21. No 7767. Price: N250

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TODAY'S WEATHER

ABUJA 16°C-33°C

MAIDUGURI 15°C-35°C

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& RE A S O

ENUGU 22°C-34°C

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KANO 11°C-33°C

LAGOS 23C-31°C

PORT HARCOURT 20°C-30°C

Confidence Inching Back to Nigerian Market, Forex Liquidity Improves Spot market records $196m turnover, futures $400m Obinna Chima The decision by the Central Bank of Nigeria (CBN) to move towards a full free float of the naira, coupled with its roadshow in the United Kingdom and United States of America last month, is gradually yielding results

as there was a perceptible improvement in liquidity on the interbank spot FX market last week, recording a turnover of $196.14 million, with an average daily volume of $39.23 million between July 25 and 29. Continued on page 6

Double Jeopardy for Nigeria, Militants Bomb More Pipelines, Oil Prices Tumble

Ejiofor Alike with agency reports Nigeria was confronted with the prospect of double jeopardy yesterday, when Anglo-Dutch oil multinational, Shell, confirmed that suspected militants believed to be from the Niger Delta attacked its Trans Ramos Pipeline (TRP) in

Delta State on Saturday night. This came as concerns mounted over oil prices, as United States crude tumbled yesterday below $40 per barrel for the first time since April, with both Brent and US crude prices falling by nearly four per cent. Continued on page 8

BIDS ODUOZA FAREWELL Buhari Appoints 17 New Education UBA L-R: The new Group Managing Director/CEO, United Bank for Africa (UBA) Plc, Mr. Kennedy Uzoka; Plateau State Governor, Simon Lalong; former Group Managing Director/CEO, UBA, Mr. Phillips Oduoza; Kaduna State Governor, Malam Nasir Ministry Parastatal Heads… Page 36 Mr. el-Rufai; and Chairman, UBA, Mr. Tony Elumelu, at the send-forth ceremony held for Oduoza, in Lagos… weekend


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Tuesday 2nd August 2016 by THISDAY Newspapers Ltd - Issuu