SATURDAY 8TH DECEMBER 2018

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Oil Hits $62 as OPEC, Allies Agree to Cut Production By 1.2mbd Kachikwu: Nigeria will reduce production by 40,000bd FG proposes N8.6trn Budget for 2018 Chika Amanze-Nwachuku in Lagos, Chineme Okafor in Vienna, Austria and Shola Oyeyipo in Abuja with agency report The Organisation of Petroleum

Exporting Countries (OPEC) and its allies agreed yesterday to cut oil production by 1.2 million barrels per day, owing to a record global crude glut and the need to halt the price slump.

This is coming on the heels of the approval of a budget proposal of N8.6 trillion for 2019 by President Muhammadu Buhari. OPEC and allies ended their meetings in Vienna yesterday

with an agreement for member countries to reduce output by 800,000 barrels a day and allied producers to cut by 400,000 barrels a day, with Russia contributing as much as 230,000bd of this.

The group will collectively curb production by 1.2 million barrels a day, higher than the 1 million barrel-a-day scenario that was earlier floated, Bloomberg reported. The larger-than-expected

deal to reduce output saw the Brent crude, the global oil benchmark, jump 4.5% to $62.76 a barrel on London’s Intercontinental Exchange. Continued on page 6

Appeal Court AďŹƒrms Prisoners’ Right to Vote in Elections‌ Page 8 Saturday 8 December, 2018 Vol 23. No 8634

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EFCC, Usoro Tangle over ‘Attorney’s Privilege’ Usoro: Judicially, historically, issues of fees between lawyer, client, matter of privilege EFCC: NBA President has questions to answer Alex Enumah in Abuja The Economic and Financial Crimes Commission, (EFCC), yesterday, insisted the President of the Nigerian

Bar Association (NBA), Paul Usoro, has a case to answer over the N1.4 billion paid his law firm as professional fees by the Akwa Ibom State Government.

Usoro said the fees were for him and “other eminent members of the Inner Bar and to a host of other members of the Outer Bar� whom he had engaged to work with

him in respect of several dispute resolution matters for the state’s government. In a speech at the NBA National Executive Committee meeting held on December

6, 2018 in Abuja, Usoro agreed that he had “been questioned by the EFCC in the last several months in respect of fees that my firm had been paid by Akwa Ibom

State Government (AKSG) between 2015 and 2016 and also fees that Governor Udom Emmanuel, the Governor of Continued on page 6

Citing Threat to 2019 Polls, Buhari Rejects New Electoral Bill Again Passing a new electoral bill for 2019 general election could create uncertainties PDP, CNPP urge N’Assembly to override veto Deji Elumoye, Shola Oyeyipo and Adedayo Akinwale in Abuja For the fourth time, President Muhammadu Buhari has withheld his assent to the Electoral Act Amendment Bill 2018 transmitted to him by the National Assembly, fueling speculation of imminent confrontation with the National Assembly over the issue. In a letter dated December 6 titled ‘Presidential Decision to Decline Assent to the Electoral (Amendment) Bill, 2018’, addressed to the President of the Senate, Bukola Saraki, Buhari explained that he was declining assent "principally because passing a new electoral bill this far into the electoral process for the 2019 general

election, which commenced under the 2015 Electoral Act, could create some uncertainties about the applicable legislation to govern the process." Saraki, who had reacted earlier yesterday to the probability of the President rejecting the bill, condemned Buhari’s action, saying it was a threat to democracy, while the Conference of Nigerian Political Parties, (CNPP) called on both chambers of the National Assembly to save the country’s democracy by overriding the President’s veto. However, Buhari’s position was that any change in the electoral rules few weeks to the 2019 polls could cause disruption and confusion Continued on page 6

Boko Haram Attacks Three Borno Communities, Destroys UNICEF Clinic... Page 14

FAREWELL MA GOLDCOAST... L-R: Deputy Governor of Bayelsa State, retired Rear Admiral Gboribiogha Jonah; former President Goodluck Jonathan and the Governor of Bayelsa State, Seriake Dickson during the Service of Songs in honour of the governor’s late mother, Ma Goldcoast, in Yenagoa... Thursday night

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