Saturday 4th March 2017

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Osinbajo Assures on Kaduna Airport’s Readiness for International Flights John Shiklam in Kaduna and Dele Ogbodo in Abuja The Acting President, Yemi Osinbajo yesterday assured foreign and local airlines of the completion of ongoing work at the Kaduna International Airport before March 8, when

the Abuja Airport will be closed to air traffic to allow for its runway rehabilitation. Fielding questions from Journalists, after an on the spot assessment of the airport in company with the Minister of Transportation, Rotimi Amaechi,

the Minister of Information, Alhaji Lai Mohammed, the Governor of Kaduna State, Mallam Nasir El Rufai and some international airline operators, Osinbajo, said considerable progress work had been achieved at the Kaduna

Airport. He said: “We have made considerable progress but there's still a lot to be done and some of it are going to be completed over this weekend, especially the ceiling and air conditioning. So, we think that

it will not be in a complete state of readiness by Wednesday but I expect that within a very, very short period, it will be ready." He urged the contractors to increase their speed by doubling the number of persons working on the ceilings and other

facilities. “They certainly need to work much faster and much more diligently in order to meet the schedule,” Osinbajo added. While pleading with foreign operators for understanding, the Continued on page 8

No Pre-Conditions in PDP Peace Plan, Says Jonathan ... Page 8 Saturday 4 February, 2017 Vol 22. No 7989. Price: N250

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Jubilation in Minna as Bello Wins in Supreme Court Laleye Dipo in Minna

There was wild jubilation in Minna the Niger State capital especially among All Progressives Congress (APC) members after news broke

that the Supreme Court had upheld the victory of Governor Abubakar Sani Bello. APC supporters, mainly youths welcomed the judgement with thanks to Allah and patting of each other’s backs.

About two hours after the judgement, a long motorcade conveying supporters of the party and loyalists of Governor Bello stormed the state capital with some of them driving dangerously while others hung

on the roofs and windows of the cars and buses chanting the APC slogan and singing the praises of the state governor. They drove to the government house to congratulate the governor before retiring

to the party Secretariat. Reacting to the judgement, the commissioners for information and that of Justice, Messers. Jonathan Vatsa and Nasara Danmallan described the decision of the

Supreme Court as "victory for democracy". They said the APC had been vindicated and that all distractions had now been Continued on page 8

CBN Takes Battle to Speculators, Pumps Additional $350m to Energise Naira Obinna Chima

As part of its resolve to sustain the positive momentum in the foreign exchange (FX) market, the Central Bank of Nigeria (CBN) again pumped additional $350 million into the market this weekend. This will take the total amount supplied to the market by the central bank this week alone to a total to $570 million and may further crash the value of the dollar. The Naira traded between N450 and N460 to a dollar at some parallel market points in Lagos. The move, which is part of the central bank's strategy, is expected to further strengthen the value of the Naira. According to market sources, this has brought panic among traders and other market participants who are yet to recover from the losses some of them have suffered in the last two weeks owing to sharp and sudden appreciation of the Naira. Commenting on the development, the Acting Director, Corporate Communications,

Isaac Okorafor, noted that with the improved reserve levels, the central bank was determined to continuously make forex available to all genuine customers through their banks, advising those hoarding the greenback to reduce their losses by selling their dollar stock. Sources also spoke of the likelihood of a liquidity glut as banks were beginning to send out sales people to scout for customers to buy the dollar in an effort to avoid losses arising from the expected further appreciation of the naira. With this, the CBN would have so far supplied a total of $570 million to the market made up of $80 milllion for Personal Travel Allowance (PTA), medicals and school fees, $100 million in wholesale forwards, an additional another $350 million planned for injection this weekend. Travelex had on Thursday intervened in the Bureau De Change (BDC) segment of the market by selling $8,000 each to a total of 2,529 approved Continued on page 8

in the spirit of public service...

L-R: Senator Soji Akanbi; Oyo State Governor, Abiola Ajimobi and guest lecturer, Deputy Senate President, Ike Ekweremadu at the 4th National Public Service Lecture of University of Ibadan Alumni Association held at Trenchard Hall of the university FELIX ADEMOLA ...yesterday

It was Utazi, Not Saraki who Said Raids on Judges' Houses was Illegal ... Page 8


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