Naija News Tuesday, July 1, 2014

National News

Ex-Militants Vow to Stop Crude Oil Revenue to North If Jonathan is Stopped in 2015
500 groups urge president to seek re-election
Repentant militant leaders in the Niger Delta region yesterday threatened to cut off every avenue through which states in the northern region of the country get supply of petroleum products if through any of their actions, the President, Goodluck Jonathan, is stopped from seeking a re-election in 2015. Rising from a meeting in Oron Local Government Area of Akwa Ibom State, the ex-militants further threatened to embark on actions to stop the North from benefiting from crude oil proceeds generated from the Niger Delta. The former freedom fighters drawn from the nine states under the Niger Delta Development Commission (NDDC) had converged on Oron under the aegis of the Leadership, Peace and Cultural Development Initiative, where they also assessed and condemned the handling of NDDC projects by contractors. The president of the group, Reuben Wilson, said in an interview with journalists that their interest was to ensure that Jonathan returned to office in 2015 and that anybody who opposed the idea was considered an enemy of the region. “We met in Oron to review developments in the country, particularly as it concerns the interest of the Niger Delta people. You will agree that the Niger Delta is the main stay of the nation’s economy. “You will agree with me that the Niger Delta people are sustaining the economy at great inconveniences and pains to its people and the environment. It is the only time that the region has had the privilege of producing a president for the country.

Thisdsay, pg12

Vehicles’ prices rise as 70% tariff begins July 1
• Stakeholders oppose policy, list risks
FROM Monday, a new car that was sold for N3 million before the Federal Government introduced the new automotive policy may now cost N5.1 million. The full implementation of the policy which begins today (July1) has put 70 per cent tariff on vehicles. Under the new automotive scheme, the Federal Government in 2013 raised the duty and levy payable on imported new and used cars from 20 per cent to 70 per cent, pointing out that the initiative was aimed at encouraging local production of automobile. But experts and various stakeholders have repeatedly cautioned the Federal Government against the danger of implementing the policy without first putting in place necessary infrastructure such as uninterrupted electricity supply and good road networks. They said that without adequate facilities, the cost of production may push the cost of locally assembled cars beyond the reach of most Nigerians. The Public Relations Officer of Tin Can Island Command of Nigeria Customs Service (NCS), Chris Osunkwo, confirmed the implementation of the policy as from today. The Guardian’s enquiry Monday revealed that under the policy, the NCS would publish the prices of new vehicles yearly.

The Guardian, front pg. cont on pg4

$5.9m fraud: Bamaiyi makes surprise court appearance
LAGOS—Former Chief of Army Staff, COAS, Isaiah Bamaiyi, yesterday made a surprise appearance before an Ikeja High Court to witness court proceedings at the ongoing $5.9m (about N1bn) allegedly collected from him by a Lagos lawyer, Mr Fred Ajudua. Since the criminal charge was preferred against Ajudua few months back, Bamaiyi who was freed early 2008 by Justice Olubunmi Oyewole appeared before Justice Lateef Lawal-Akapo with some members of his family. Meanwhile, the proceedings could not go on due to the absence of Mr Olalekan Ojo, lead counsel to Ajudua. However, the prosecution, the Economic and Financial Crimes Commission, told the court that it had amended the earlier charge filed against the lawyer. EFCC had accused Ajudua of collecting the amount from the former Chief of Army Staff while they were both in custody at Kirikiri Prison in Lagos between November 2004 and June 2005. The anti-graft agency alleged that Ajudua and other still at large made false representation to Bamaiyi claiming that the money was meant to help secure his release from custody as well as payment for professional fees charged by Chief Afe Babalola (SAN) to handle his case in court.

Vanguard, pg10

Girls’ abduction: Military arrests key suspect
• DHQ says he heads B’Haram intelligence cell
The Special Forces have arrested a top intelligence operative of the Boko Haram sect. The suspect is believed to have spearheaded the abduction of the female students of Government Secondary, Chibok, on April 14, 2014, the Defence Headquarters said in a statement on Monday. The statement by the Director of Defence Information, Maj. Gen. Chris Olukolade, named the Boko Haram operative as Babuji Ya’ari, said to be a businessman and leader of a youth vigilance group, popularly known as the Civilian JTF. Olukolade said Ya’ari also spearheaded the murder of the Emir of Gwoza, Idrissa Timta, who was killed by insurgents at Tesan Alade, along the Biu-Garkida Road on May 30, 2014. He said that Ya’ari used his membership of the Civilian JTF to gather information to aid the activities of the insurgents. He said that the arrested Boko Haram spy chief was responsible for the coordination of several devastating attacks on military formations and the detonation of several bombs in Maiduguri since 2011.
The Punch, pg8

Nigeria ranks 121st in global per capita income rating
Nigerian per capita Gross Domestic Product (GDP) contribution is now ranked 121st in the world (up from 135th). This was in spite of the fact that the re-basing exercise increased this statistic from $1,555 billion to $ 2,688 billion. The Minister of Communications Technology, Dr. Omobola Johnson, stated this in Lagos on Monday, at the official inauguration of the Office for Nigerian Content Development (ONC). The ONC is a development focused, Special Purpose Vehicle of the National Information Technology Development Agency (NITDA) under the auspices of the Ministry. According to her, the rebasing exercise, which confirmed Nigeria as the largest African economy placed more pressure on the country to ensure equitable distribution of resources and extension of new opportunities to its population. “From the continued signs of aggressive growth in the ICT industry, with an estimated improved GDP contribution of 8.53 per cent by Q3, 2013 it should also be obvious that the ICT industry is a “key growth industry” and as such deserves the design and execution of a well thought out local content policy.
Daily Independent, from the net

Petrol Depot owners tighten security against terror Attacks
Following last Wednesday’s car explosion at the front of Folawiyo Energy Limited, along Creek Road in Apapa area of Lagos, petrol depot owners in Apapa and environs have beefed up security around d their facilities, Thisday has learnt. An alleged female suicide bomber detonated explosive devices planted in a car parked beside a Liquefied Petroleum Gas (LPG) Truck in front of Folawiyo depot along Creek Road. The car exploded, apparently killing the bomber and three other people and injuring several others. Thisday, pg24


Business News

Senate moves against N35m BDC capital base
The Chairman, Senate Committee on Finance, Senator Ahmed Makarfi, on Monday described as unfair the N35m minimum capital base imposed on Bureau de Change operators. Makarfi, who addressed journalists in Abuja, however, said both chambers of the National Assembly were already making moves to intervene in the matter.

The Punch, pg30


DMO Begins Work on $300m Diaspora Bond
The Director General, Debt Management Office (DMO), Mr. Abraham Nwankwo has disclosed that work has started on the recently approved federal government Diaspora bond. The Federal Executive Council (FEC) had last month approved between $100 and $300 million diaspora bond. Nwankwo restated that the bond is expected to be issued by the end of the year. Thisday, from the net

World/Regional News

Funsho Williams: Court acquits defendants, dismisses charge
LAGOS—Justice Ebenez er Adebajo of a Lagos High Court at Igbosere, has discharged and acquitted the six persons that were accused of killing Peoples Democratic Party, PDP, bigwig in Lagos State, Funsho Williams. After eight years of trial, they walked away from court as free men. Bulama Kolo, Musa Maina, David Cassidy, Tunani Sonoma, Mustapha Kayode and Ikponmwose Imariabie regained their freedom, after Justice Adebajo, held that the evidence adduced by the prosecution to prove the two-count charge of conspiracy and murder against them was “weak and superficial they amount to speculation when given consideration.”

Vanguard, pg10

French ex-President Sarkozy arrested

French ex-President Nicolas Sarkozy has been detained for questioning over alleged influence peddling. The decision to detain him at Nanterre, near Paris, is an unprecedented step against a former president. Sarkozy’s lawyer was questioned on Monday on suspicion of seeking inside information about a case against the former leader.

The Punch

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