Naija News Monday May 12, 2014

National News

Chibok: How Teachers Locked Up Our Daughters and Ran Away
• People of Chibok tell their heartrending stories on ARISE TV all day today and all week
One of the parents of the abducted Chibok schoolgirls Sunday introduced a new twist to the saga surrounding the abduction of almost 300 girls from their school in Chibok, Borno State almost a month ago, when he said the students were locked up by their teachers who subsequently scampered for safety and left them at the mercy of the terrorist group, Boko Haram. Speaking to reporters from THISDAY and ARISE TV Networks, who were in Chibok Sunday for almost two hours, Watila Simon, the father of one of the girls, Godiya Simon, said though he was out of town when the insurgents laid siege to Chibok, he immediately made a phone call to his daughter, but was told that the school had not yet been attacked. His daughter was one of the few girls who was fortunate to escape from the notorious Sambisa forest, the enclave of the terrorists. He said: “I called my daughter in the school, asking, ‘Godiya where are you?’ She told me she was in the hostel. Then I said but they are attacking the town and they have started burning houses and you are still in the school, and she said yes. “I asked, ‘Are you together with soldiers?’ She said no, and I asked about the police, and she said they were not with them, but that they were safe in the school.” He revealed that when he spoke with Godiya, the insurgents were still attacking the town and had not gone to the school. “She equally told me that all the teachers had already left and there was no elderly person with them,” he said. 

Thisday, front pg, cont on pg6

Jonathan foresees early release of kidnapped girls
• APC says Nigeria at war, London churches pray • PDP lauds Nigerians for support • Anglican leader Welby urges dialogue with B’Haram • Military denies take-off of foreign allies’ operations. AS the nation remains in the grip of anxiety, searching for clues that may lead to the freedom of over 200 girls abducted in Chibok, Borno State, President Goodluck Jonathan assured Sunday that the crisis would end soon. The President’s renewed confidence stemmed from a telephone conversation he held with the Israeli Prime Minister, Benjamin Netanyahu, in Abuja. In a statement in Abuja by the presidential spokesman, Reuben Abati, the President said that he was very optimistic that with the entire international community deploying its considerable military and intelligence-gathering skills and assets in support of Nigeria’s efforts to find and rescue the abducted Chibok girls, success would soon be achieved. According to the statement, the President spoke with the Israeli Prime Minister, Mr. Benjamin Netanyahu who called this afternoon to convey his country’s sympathy and solidarity with Nigeria. Jonathan welcomed the offer by Netanyahu to send a team of Israeli counter-terrorism experts to assist in the ongoing search and rescue operations.

The Guardian, front pg, cont on pg2

2015: Fashola, Tinubu urge NASS to reverse election order –
LAGOS—Ahead of the 2015 election, Governor Babatunde Fashola of Lagos State and his predecessor, Asiwaju Bola Tinubu have urged the National Assembly to review the order of upcoming elections. The Independent National Electoral Commission, INEC, had in its timetable released early in the year planned to commence the 2015 election on February 14, 2015, with the Presidential and National Assembly elections. This was part of the communiqué issued at the end of the 11th Executive/Legislative parley held in Lagos over the weekend, themed ‘Public Sector Management re-engineering: The continuing story of Lagos,’ which also had in attendance members of the State House of Assembly and state executive members. Chairman of the communiqué drafting committee and Deputy Speaker of the Lagos State House of Assembly, Mr. Kolawole Taiwo, while reading the communiqué, said the election should start from local to national. According to the communiqué “INEC must be impartial and must be seen to have done so; hence, National Assembly should review and reverse the order of elections starting from the local to the national; remove the time limit on election petitions; “There is need to fast-track post-election litigations at Election Tribunals in order not to fall victims of the maxim; ‘Justice delayed is justice denied.’
“Credible bodies must be vested with the power to blow the whistle when the parameters of the constitutional covenant are transgressed.”

Vanguard, pg9

B’Haram, others received $3m from bin Laden –Report
The violent sect, Boko Haram and other groups in northern Nigeria received $3m from Osama bin Laden in 2002, according to a report by some United States intelligence analysts. Bin Laden was said to have dispatched an aide to Nigeria to hand out the seed money in naira to a wide array of Salafist political organisations that shared al Qaeda’s goal of imposing Islamic rule. According to a report in a United States-based newspaper, The Daily Beast, the Al-Qaeda founder helped provide Boko Haram’s seed money. Boko Haram was founded by Mohammed Yusuf in 2002. Yusuf was killed in police custody in 2009. The Daily Beast reported on Sunday that officially, the U.S. intelligence community believed that the sect had only tangential links to al Qaeda’s North African affiliate, and that reports of bin Laden backing the Nigerian outfit were off-base, but many analysts have believed that the ties between Boko Haram and al Qaeda global leadership go much deeper—and are about more than a little seed money.

The Nation, pg4, cont on pg69

NSE set for liquidity boom as Caverton lists
3.35bn units at N9.50 per share. Raises market cap by N32bn
The nation’s stock market is set to witness another liquidity boom, particularly in the primary segment, as Caverton Offshore Support Group lists its shares on the Nigerian Stock Exchange (NSE). The listing exercise, which will be by introduction, will be done next week Tuesday (May 20, 2014) and RenCap Securities Nigeria Limited is the stockbroker to the issue. The listing is a major plus for the Federal Government policy of encouraging local capacity and ownership in the oil and gas sector. The company’s 3.35 billion shares will be listed for trading at N9.50 per share. The listing will add about N32 billion to the value of the NSE market capitalisation. Coming barely one month after the Seplat Petroleum Development Company plc listing, analysts said at the weekend that the coming on board of Caverton, which operates in the marine and aviation logistics sectors of the Nigerian oil and gas industry, would further deepen the market, allow investors diversify across sectors, and engender confidence in the stock market.

Businessday, front pg cont on 4

Agbarha-Otor Improvement Union, Lagos swears –in officers
• Sets agenda for Agbarha City Hall
The official inauguration of the Currency Okparadeta led executive of the Agbarha-Otor improvement Union. Lagos branch took place recently at the Union’s secretariat, Ibru Compound, warehouse Bus-Stop, Apapa-Oshodi express, Lagos. The ceremony which attracted the cream of Agbarha-Otor sons and daughters in Lagos and beyond officially empowers the executives to oversee the affairs of the union in the next four years. It was a day of reunion for Agbarha-Otor sons and daughters in Lagos.

The Urhobo Voice, pg6

Business News

Why cement price is still high –Dangote
A major manufacturer of cement in the country, Dangote Cement Plc, has explained that the recent increase in the price of the commodity is due to low production of the commodity is as a result of turnaround maintenance of some plants and gas shortage. However, the company said it had released nine million tonnes of cement into the market in a bid to prevent the commodity’s price from soaring. The hike in cement prices became noticeable in January this year with a bag of the commodity, which sold for between N1,700 and N1,800 previously selling at up to N2,500 by February.

The Punch, pg28

CBN’s exchange rate policy under scrutiny
The continued defence of the nation’s currency, the naira, for the maintenance of exchange rate stability at the expense of foreign reserves portends danger for the economy, analysts warn. Considering the import-dependent nature of the economy, the analysts have called for caution by the Central Bank of Nigeria (CBN) as the continued defence of the naira would amount to subsidising importation of ostentatious goods that are only enjoyed by a few privileged citizens.

BusinessDay, pg front pg, cont on pg4

World/Regional News

Chibok kidnapped Schoolgirls ‘shown’ in New Boko Haram Video
A new video showing kidnapped chibok school girls has been released by the Boko Haram insurgents. The video claims to show around 100 girls kidnapped from the school in Maiduguri. BBC News reports that the group’s leader, Abubakar Shekau, said they would be held until all imprisoned militants had been freed. He claimed the girls had converted to Islam with the video released on Monday showing the praying.

BBC News

Court asks oil thieves to pay N300,000 fine

A Federal High court, sitting in Lagos has sentenced five oil marketers to three years imprisonment after they were arrested with two trucks of stolen petrol from Nigerian National Petroleum Corporation pipeline in the Ibafo area of Ogun State. They were, however, given an option of N300,000 fineThe convicts, Ishola Ganiyu, Ishola Omopariola, Kayode Ajose, Aramide Solomon and Aranosiola Muruf, were arraigned in March 2013 on five counts bordering on conspiracy to wit; tampering of pipeline, obstructing free flow and dealing in petroleum products.

The Punch, pg

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