Food, Energy Prices Push Inflation Further to 17.9% Germany earmarks € 18bn for Lake Chad
Tobi Soniyi and James Emejo in Abuja The Consumer Price Index (CPI), which measures inflation, maintained its upward streak at the weekend as it increased to 17.9 per cent
in September from 17.6 per cent it stood in the previous month. The National Bureau of Statistics (NBS), which released the CPI figures yesterday, noted that the 0.24 per cent rise in headline index was attributed mainly to in-
creases in the sub food index as well as energy prices. According to NBS, for the September CPI, increases were recorded in all the divisions which contribute to inflation. However, communication and restaurants and Hotels
were reported to have recorded the lowest rates of increase of the 12 divisions, growing by 5.6 per cent and 9.6 per cent respectively. The food sub index increased by 16.6 per cent (year-on-year) in September, up by 0.19 per cent points
from rate recorded in August (16.4 per cent), the NBS noted. Urban inflation rose by 19.5 per cent (year-on-year) in September from 19.3 per cent recorded in August while the rural index increased by 16.4 per cent in September from
16.1 per cent in August. On a month on month basis, both the urban and rural index eased, increasing by 0.8 per cent a piece. Core inflation, which excludes the prices of volatile Continued on page 8
Recession: Saraki Writes Buhari, Asks President to Pick Date to Address Parliament ...Page 11 Sunday 16 October, 2016 Vol 21. No 7842
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Ondo 2016: Uncertainty Mounts over PDP’s Candidate as Party, INEC Differ Onyebuchi Ezigbo in Abuja and James Sowole in Akure There was considerable uncertainty at the weekend about the governorship candidate of the Peoples
Democratic Party for the forthcoming election in Ondo State. This followed differing positions held by officials of the ruling party in the state and the Independent National Electoral Commission regarding the
authentic candidate of the party. A Federal High Court in Abuja presided over by Justice Okon Abang had on Friday ordered INEC to accept Jimoh Ibrahim, the nominee of a faction of PDP
led by Senator Ali Modu Sheriff, as the party’s candidate. Abang gave the order while ruling on an application for the enforcement of his earlier judgement delivered on June 29. Friday’s ruling came af-
ter INEC had accepted the nominee of the Ahmed Makarfi-led PDP national caretaker committee, Mr. Eyitayo Jegede, SAN, as the party’s candidate for the November 26 governorship election in the state.
But chief press secretary to the chairman of INEC, Professor Mahmood Yakubu, Mr. Rotimi Oyekamni, said yesterday that the commission would abide Continued on page 8
Justice AdeniyiAdemola: I Signed Confessional Statement at Gunpoint
Accuses AGF of masterminding arrest as payback for ordering his (Malami's) detention for alleged professional misconduct in Kano Tobi Soniyi in Abuja Justice Adeniyi Ademola has declared that his arrest penultimate weekend during a raid on his Abuja house by operatives of the Department of State Services was a personal vendetta against him masterminded by the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN. In a letter to the Chief Justice of Nigeria, Justice Mahmud Mohammed, Ademola said Malami was trying to get back at him because while serving as federal judge in Kano he once ordered the minister’s arrest and detention for alleged misconduct. The judge of the Federal High Court, Abuja, also narrated his ordeal at the hand of the security operatives, saying they held guns to his head to sign a document detailing items, allegedly, found in his house and confessional statements he made during the raid. Continued on page 8
IN SOLIDARITY!
President Muhammadu Buhari in a group photograph with members of the Nigerian community in Berlin, Germany, during his official visit to the country...last week