A’Ibom Leaders Warn Against Reintroduction of Onshore-Offshore Dichotomy Okon Bassey in Uyo and Adedayo Akinwale in Abuja A group, Akwa Ibom State Leaders Vanguard, yesterday warned against attempts to reintroduce the already settled issue of the onshore-offshore
dichotomy, warning that it will spell doom for the country. The group spoke against the backdrop of the report submitted last week to the national chairman of the All Progressives Congress (APC),
Chief John Odigie-Oyegun, by the governor of Kaduna State, Nasir el-Rufai, who chaired the party’s Committee on True Federalism and Restructuring. The report of the APC committee had made farreaching recommendations,
including allowing states of the federation to have control over the onshore minerals, mining, oil fields and gas resources in their states, but not offshore resources. The committee also recommended that the
existing revenue sharing formula be tinkered with to limit the application of the derivation principle to only oil resources domiciled onshore. But at a press conference in Uyo, the Akwa Ibom
State capital, the group said: “Regrettably, the party’s (APC) position on resource control clearly prognosticates an irredeemable disaster for Nigeria.” Continued on page 10
President Sends Edward Adamu's Name for Senate Confirmation as CBN Dep Governor… Page 46 Friday 2 February, 2018 Vol 23. No 8324. Price: N250
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Obasanjo: Greeting Buhari Did Not Undermine Gravity of My Letter Vows to abandon CNM if it ventures into partisan politics Femi Ogbonnikan in Abeokuta and Adedayo Akinwale in Abuja Former President Olusegun
Obasanjo has explained that his exchange of pleasantries with President Muhammadu Buhari in the Ethiopian capital, Addis Ababa, during the
African Union (AU) summit, did not in anyway undermine the significance of his statement to the president advising him not to contest the 2019 elections.
Obasanjo, who spoke at the secretariat of the Nigerian Union of Journalists (NUJ) in the Oke Ilewo neighbourhood of Abeokuta, Ogun State,
yesterday when he went to register at the launch of the Coalition for Nigeria Movement (CNM), added that his statement to Buhari
was not borne out of malice but out of deep concern for the parlous state of the country. Continued on page 10
Court Upholds Senate’s Power of Confirmation Legislature hails judgment, urges Buhari to substitute Magu Damilola Oyedele in Abuja A Federal High Court in Abuja has upheld the powers of the Senate to confirm or reject the statutory nomination of a candidate for the position of Chairman of the Economic and Financial Crimes Commission (EFCC). The Senate, hailing the judgment as a vindication of its position, yesterday called on President Muhammadu Buhari to substitute the acting chairman of the EFCC, Mr. Ibrahim Magu, with a credible candidate, in line with the judgment. Hon. Justice J.T Tsoho, in a ruling delivered January 15, said the expression “subject to” used in Section 2(3) of
the EFCC Act, introduces a condition, a restriction, and therefore translates that the import of the section is that the appointment of a chairman made by the president is dependent on confirmation by the Senate. Tsoho gave the ruling in suit number FHC/ABJ/ CS/59/2017 instituted by one Oluwatosin Ojaomo, with the Senate President and the Attorney General of the Federation as the first and second defendants respectively. Ojaomo sought a declaratory order of the court that the first defendant (Senate) does not possess the statutory power to reject the appointment of Continued on page 10
Nigeria, Niger Sign Pact to Build NEW MERCHANT BANK ON THE BLOCK… President, Dangote Group, Alhaji Aliko Dangote, cutting the tape to declare the official opening of NOVA Merchant Bank Limited. is flanked by the CEO, Nigerian Stock Exchange (NSE), Mr Oscar Onyema (left); Chairman, NOVA Merchant Bank, Mr. Refinery in Katsina in 60 Days… Page 46 Dangote Phillips Oduoza (second left); and Managing Director, NOVA Merchant Bank, Mr. Chinedu Ikwudinma (right), in Lagos… yesterday