Tuesday 16th August 2016

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Kachikwu: Nigeria Will Need Extra 900,000b/d to Recover Oil Lost to Militancy Says Chibok girls are not less valuable than oil facilities Crude rises to $47 on OPEC-Russia output cap talks Chineme Okafor in Abuja with agency report The Minister of State for Petroleum, Dr. Ibe Kachikwu, has said that Nigeria will have to increase oil output by an average of 900,000 barrels per day (b/d) in order to recover

crude oil that has been shut in to a series of militant attacks on oil and gas assets in the Niger Delta in recent months. Kachikwu, who spoke to CNN’s Richard Quest last

night, however said he was not particularly optimistic about the possible talks on a production freeze by other oil producing countries to bolster prices, saying similar efforts

a few months ago had failed. Despite his lack of confidence, the price of crude oil rose yesterday following reports that Russia and the Organisation of Petroleum

Exporting Countries (OPEC) may resume dialogue on a production freeze. The petroleum minister said the federal government was in continuing dialogue

EFCC Probes Jang over Alleged Missing Funds… Page 12

with militants and their representatives in the Niger Delta and expressed confidence that in the next one or two months, a resolution will be reached to end the attacks on oil assets. Continued on page 6

Tuesday 16 August, 2016 Vol 21. No 7781. Price: N250

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PDP to Proceed With Convention Despite Conflicting Court Orders Party screens George, Adeniran, Dokpesi for chairmanship election Tobi Soniyi, Onyebuchi Ezigbo, Alex Enumah in Abuja and Ernest Chinwo in Port Harcourt The Peoples Democratic Party (PDP) has said that it will go ahead with its national convention scheduled for tomorrow despite a restraining order by a Federal High Court in Abuja stopping the convention. The Abuja court order came on the heels of another one by a concurrent Federal High Court in Port Harcourt, Continued on page 6

SUNTRUST OPENS ITS DOORS TO CUSTOMERS

L-R: Chairman, Senate Committee on Appropriation, Danjuma Goje; President, Dangote Group, Alhaji Aliko Dangote; Oba of Lagos, Alhaji Riliwan Akiolu; Obi of Onitsha, Alfred Nnaemeka Achebe; and Managing Director/CEO, SunTrust Bank, Muhammed Jibrin, at the opening of SunTrust Bank in Lagos… yesterday abiodun ajala

Defence Chief: Decision on Chibok Girls, Boko Haram Prisoner Swap is Political Journalist declared wanted asks army to buy him ticket Aisha Wakil, Bolori turn themselves in Tobi Soniyi and Sumaina Kasim in Abuja with agency report Following the release of a new video showing some of the kidnapped Chibok schoolgirls, the Chief of Defence Staff (CDS), Lt. Gen. Abayomi

Olonishakin, has said the release of detained Boko Haram suspects for the return of the girls is a political decision. This is just as two of the

persons – Mrs. Aisha Wakil and Ahmed Bolori – who were declared wanted by the Nigerian Army on Sunday for allegedly

withholding information on the whereabouts of the girls, yesterday turned themselves in to the military authorities in Abuja and Maiduguri,

respectively, to provide information that may help them in the rescue of the secondary schoolgirls who were kidnapped by the terror

You're No Longer a Military Ruler, Oba of Lagos Tells Buhari… Page 9

sect two years ago. A third person, Ahmad Salkida, a journalist who once worked for Blueprint and Daily Trust newspapers in Abuja, but is now resident Continued on page 6


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