Wednesday 15th Febraury 2017

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Kachikwu Unveils 20-Point Plan on Ending Militancy in the N’Delta 100,000 jobs to be created in each oil-producing state, Amnesty Programme to be decentralised Ejiofor Alike Nigeria lost billions of dollars in oil revenue at the peak of the militant attacks on oil and gas facilities in

the Niger Delta, which slashed oil production from 2.2 million barrels per day to 1 million barrels per day last year, the Minister of State for Petroleum Resources, Dr.

Emmanuel Ibe Kachikwu has said. To tackle the scourge, the minister also unveiled a 20-point agenda aimed at instituting permanent peace

in the oil-producing region. Speaking yesterday on “Oil Sector Militancy Challenges…Roadmap to Closure,” Kachikwu said in his monthly podcast

that the country lost billions of dollars at the height of militancy in 2016. According to him, the Niger Delta crisis, coupled with the 45 per cent drop

in oil production, worsened the financial challenges of the Muhammadu Buhari administration. Continued on page 10

Arik Suspends Flights to London, JohannesburgÖ

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Wednesday 15 February, 2017 Vol 22. No 7972. 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

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PORT HARCOURT 20∞ C≠ 30∞ C

FG: Success of Eurobond is Proof the Economy is Recovering Starts review of TSA guidelines as inflows hit N5.2tn

Tobi Soniyi and Ndubuisi Francis in Abuja The federal government has said that the massive demand for its $1 billion Eurobond, which was oversubscribed by 780 per cent, was a demonstration of the strong market appetite for Nigeria and indicative of the confidence by the international investment

community in Nigeria’s economic reform agenda. In the current editions of the Presidential Villa’s newsletter called ‘Government at Work’, released yesterday, the government also gave 11 reasons it felt that the economy was on its way out of the recession. Continued on page 8

Court Orders Forfeiture of $9.8m Recovered from Andrew Yakubu

Shell, Agip seek discharge of seizure order on Malabu oil block Alex Enumah in Abuja and Ibrahim Shuaibu in Kano

A Federal High Court sitting in Kano yesterday ordered the forfeiture of $9,772,000 and £74,000 recovered from a former Group Managing Director of the

Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu to the federal government. The order was sequel to an ex parte application by the Economic and Financial Crimes Continued on page 8

Fayose Slams Govt for Withholding Ekiti's UNION BANKÖ BI G, STRONG AND NIMBLE AT 100 L≠ R: Chairman, Union Bank of Nigeria Plc, Mr. Cyril Odu; Non≠ Executive Director, Union Bank, Mrs. Nike Akande; and Executive Officer, Union Bank, Mr. Emeka Emuwa, when the bank kick≠ started activities in Lagos yesterday on the Federation Account AllocationÖ Page 48 Chief celebration of its 100th anniversary abiodun ajala


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