Thursday 27 February 2014

From Our News Desk

UPDATES : Ejigbo torture: Police parade 12 suspects. Boko Haram kills 43 schoolchildren. Sanusi drags Jonathan to court over suspension. NLC to President: Fight corruption not CBN gov. Ondo speaker dies of cancer at 61. Butchers to wear uniform in Lagos. Amaechi asks Jonathan to tackle oil theft. Anambra tribunal clears Obiano. NNPC denies loss of $6.8bn oil proceeds. Nigeria spends N125bn annually on fish importation – FG. Power distribution firms owe govt – NERC. Health workers threaten to resume suspended strike. AMCON to sell Enterprise, Mainstreet banks October. N832bn Spent On Fuel Subsidy In 2013 – PPPRA. Multinationals, NNPC, DPR Responsible For Fuel Scarcity – NUPENG. Reps Probe: Nigeria Loses $8bn Yearly To Crude Oil Swap. Second Niger Bridge To Gulp N117bn – FG. $20bn Forensic Audit: Okonjo-Iweala Stresses Need For Urgency. Dangote Slashes Cement Price At Kaduna Fair. Inter Targets Mikel Obi. Presidency: North must wait till 2019 –Ogunlewe. Stakeholders kick against NCC’s N647m fines on telcos. Sanusi, voodoo statistician, not whistle blower –Maku. Budget: Judge wonders why NASS got N250b, judiciary only N68b. UCL: Man Utd 0-2 Olympiakos, Borussia Dortmund 4-2  Zenit St Petersburg.

Suspended CBN governor, Sanusi, gets Hero’s Welcome in Kano

The suspended Governor of the Central Bank of Nigeria, Lamido Sanusi, on Wednesday arrived his home state of Kano to a large crowd of supporters and well-wishers in his first visit to the city since his suspension.
Mr. Sanusi was welcomed by traditional rulers, residents and a large crowd of young Nigerians with banners reading ‘We are with you’ ‘You stand by the truth’ ‘You are our Hero’.
A convoy of cars later accompanied him home from the airport. Mr. Sanusi, the holder of the traditional title of Dan Maje Kano, is regarded as a potential heir to the traditional Emirate throne.
Mr. Sanusi was suspended from office last week over alleged financial recklessness by his bank.
But many Nigerians believe he was axed for blowing the whistle on the Nigerian National Petroleum Petroleum Corporation which he alleged has diverted not less than $20 billion of the country’s oil revenues in just under a year.

EXCLUSIVE: Revealed: Jonathan’s Second Query to CBN Governor, Sanusi

The media has now obtained a copy of President Goodluck Jonathan’s second query to suspended Central Bank Governor, Lamido Sanusi. The query was the communication from the presidency to the CBN governor alleging financial recklessness in the operations of the bank.
The query arose after Mr. Sanusi forwarded a copy of the CBN’s 2012 audited financial statements to the President on February 26, 2013.
The document was forwarded to Mr. Jonathan, alongside a covering letter referenced: FND/DIR/SEC/ACC/04/001.
Barely three months after the receipt of the letter, the President issued a 22-point query to Mr. Sanusi and demanded immediate response.
A copy of the query which was exclusively obtained by PREMIUM TIMES is dated May 4, 2013 and signed by the President.
In the letter, Mr. Jonathan noted that following the examination of the financial statements of the CBN as contained in the 2012 audited report, some issues were thrown up which required clarification.
“To this end,” Mr. Jonathan wrote, “I request that you avail me of detailed explication with respect to the under listed issues, providing, where available, relevant confirmatory letters and or board approvals.”
The President specifically requested Mr. Sanusi to forward to his office, the domestic report on the CBN’s 2012 financial statements by external auditors and the financial reporting framework under which the financial statements were prepared.
Mr. Sanusi was also directed to provide names of the trustees of the CBN’s self insurance, including the board minutes approving the said self insurance scheme and trustees and the entries of the annual appropriations indicating where it was posted in the financial statements.
Evidence of the license given to the CBN by the National Insurance Commission, to operate a self insurance scheme was also requested.
Parts of the query read, “Report from independent sources revealed that the CBN is insured by 29 underwriters on General Business Insurance and 20 underwriters on Group Life Assurance for 2011-2013. A reconciliation of this report with paragraph 3 above is required.
“The valuation report on certain assets of the CBN (as in accounting policy ‘a’) and how and when the fixed assets revaluation reserves was created and accounted for (As in the balance sheet), as well as the accounting policy of the CBN on short term investment.
“Detailed breakdown of: a) Long term loans of N550. 062 billion (beneficiaries) as in Note 5 and why it was fully provided for as irrecoverable, b) the banks’ that are involved in ‘other loans’ of N12.899 billion as in Note 5, that are also fully provided for as irrecoverable.
“c) Provision of loan losses of N585.703 billion (as in Note 5), d) Investment in Asset Management Corporation of Nigeria, AMCON< bonds of N3,596,356,000,000 that are expected to mature on December 2013, August 2014 and October 2014 and why no provision was made against them except general loans loss provision of N4.620 billion only (as in Note 6).
“e)Prepayments of N58.133 billion in 2012 and N102.459 billion in 2011 (as in Note 8) and why the bank was paying so much in advance. Board approvals for these levels of advance payments are required.”
The President also requested for Mr. Sanusi’s explanation of the relations between the N35 billion investment in the Bank of Industry (BOI) debentures in 2012 (as in Note 6) and “intervention activities” expenses of N19 billion in operating costs as in Note 27 as well as a detailed breakdown of the “intervention activities”’ expenses (as in Note27).
Based on the bank’s deposits of shares of N4.947 billion in 2011 and 2012, the President requested to know when the deposit was made, the names of the companies where the investments were supposedly made as well as the related amount and why shares were yet to be issued based on Note 8 of the audited report.
A detailed breakdown of the “other sundry assets” of N5.949 billion in 2012 and N3.393 billion in 2011 as in Note 8b and the reason why they are so classified and a complete reconciliation of “Notes and Coins in circulation” indicating “Deposit by banks” and “Withdrawal by Banks,” were also requested.
Mr. Sanusi was further asked to explain the composition of CBN’s gratuity of N72.653 billion in 2012 and N64,280 billion in 2011 and how it was determined as well as the board minutes and approval practice of making provisions for internal currency insurance based on the premium that would have been payable to external insurers had they been engaged and the names of the insurance companies that were filed tested in the exercise and the modalities thereof.
A detailed breakdown of the following were sought:
Currency issue expenses of N36.589 billion in 2012 and N47.337 in 2011 indicating the amount paid to the individual printing companies involved for 2011 and 2012 and the names and amount paid to each company.
Repairs and maintenance expenses of N2.268 billion in 2012 and N2.070 billion in 2011 and the extent of repairs of printing machines and intervention activities of N19 billion in 2012 and N23.865 billion in 2011as well as the administration of expenses of N42.596 billion and N48.340 billion in 2011.
Related party transactions indicating the persons involved, the applicable amount and the impact on the profit and loss of CBN, the statement of corporate governance on the financial statements.
Other explanations sought by Mr. Jonathan were, “The reason for IMF Quota of N421.864 billion in 2012 and N433.744 billion in 2011 was included in sundry receivables in other assets, confirmation of the movements in the ‘other investments’ as in Note 6 and other related board approvals.
“The reason why the financial statements of the CBN were not in compliance with Sections 44 and 57 of the Financial Reporting Council of Nigeria Act 6, 2011 and why the CBN continued to invest in AMCON’s bonds in 2012 and it intends to recover the funds invested in AMCON that are due by December 2013.”
The President claimed in the letter that Mr. Sanusi’s expeditious response on the issues raised would be helpful in providing proper appreciation of the nation’s economic outlook.
It was, however, Mr. Sanusi’s reply to this query that Mr. Jonathan forwarded to the Financial Reporting Council of Nigeria.
After considering the CBN’s financial statements for 2012 and Mr. Sanusi’s reply, the council gave report which the Federal Government said it relied upon to suspend the embattled governor.
Download full query here

Yobe bloodbath: Massive outrage across Nigeria over Boko Haram slaughter of 59 students

A protest demanding firmer government action against Boko Haram will hold Thursday
Anger and frustration reverberated across Nigeria Wednesday, a day after the extremist Boko Haram sect slaughtered nearly 50 students in Yobe State, in a bloody assault that stirred a nation fatigued by Boko Haram killings, and ridiculed President Goodluck Jonathan’s claim of success against the sect.
Politicians, civil society groups, political parties, individuals issued statements Wednesday condemning the attack, mourning the victims, and criticizing the government for failing to foil an attack that seemed predictable since school children had previously been murdered that way in the same state.
“This will not be the first time in recent times that school children are being attacked, and it is particularly disheartening that the Federal Government is yet to devise a strategy of keeping our schools safe from terror attacks,” former Vice President Atiku Abubakar said in a statement.
“When you attack students, you are attacking the foundation of the country’s future. So this attack to me, is to plunge the nation into a bleak and blank future,” said Senate Leader, Victor Ndoma-Egba. “It is obvious that we are now dealing with a bunch of animals to whom human life is now totally meaningless and worthless.”
Armed assailants descended on Federal Government College, Buni Yadi in Yobe in the dead of night Tuesday, setting the hostels alight as the pupils slept in their dormitories, before shooting and hacking to death those who attempted to flee.
One of the bereaved parents was quoted by activist Ibrahim Wala as narrating how his son narrowly escaped death by jumping into a ditch where he witnessed his school mates being slaughtered.
According to the boy’s father, for the hours the attack lasted, and despite the presence of security operatives in Buni-Yadi town, no security personnel or rescue team showed up at the school.
“The murder of innocent school children by some psychopaths is most barbaric, inhuman and criminal,” said Governor Rauf Aregbesola of the State of Osun.
“What could drive people to do such mad thing is unimaginable. What for and in the name of what could anyone murder innocent school children in such cold blood?”
The attack occurred less than 12 hours after President Jonathan assured Nigerians his administration was making gains rooting the insurgents from Yobe, Borno and Adamawa States.
In a televised interview, Mr. Jonathan rebuked a suggestion by the governor of the worst-hit state of Borno, Kashim Shettima, that government forces were under-motivated and ill-equipped to fight the deadly and protracted war.
The comments were “unfortunate”, and untrue, the president said.
But as if to give weight to Mr. Shettima’s concerns, army chief, Major General Kenneth Minimah, on Wednesday told a Senate committee the force was underfunded, according to the News Agency of Nigeria, NAN.
Major-General Minimah was later directed by the Senate Committee on Defence and Army to relocate temporarily to Maiduguri, the Borno State capital.
Mr. Minimah said the Army was up to the task and that it was just a matter of time before it would bring the insurgents to their knees, the NAN reported.
That pledge would barely reassure a nation that has witnessed multiple Boko Haram attacks in 2014 alone, with as much as 250 people killed.
As the attacks escalated, Mr. Jonathan has drawn increased criticisms over his handling of the crisis. The killings have continued despite the president’s repeated pledges to rein in the insurgents.
On Wednesday, activists rallied support online for a protest billed for Thursday to demand a firmer action from the federal government against the insurgents. The protest is to hold 10 a.m from the Unity Fountain, in Abuja.
“It truly hurts that children whom we sent to school as symbols of our unity as a country have become sacrificial offerings in some people’s project towards disunity,”said Bem Angwe, Executive Secretary of the National Human Rights Commission. “This must not be allowed,”

Federal government increases passport fee by 50%

The Federal Government has increased passport fee by 50%. According to a circular signed by the Deputy Comptroller in charge of Operations/Passport and released a few days ago titled 'Passport Reforms', applicants will now pay N15,000 instead of N10,000. (It was officially N10,000 but we all know how much we really paid...lol) Also applicants for change of data will pay now N30,000.

A newly introduced 64-page passport for frequent travelers will cost N20,000, while Passport for applicants 18 years and below will cost N8,750. It's N15,000 between 18-60 and N8,500 for people above 60 years.

Female applicants, who apply for change of name as a result of marriage/divorce or deceased spouse, will pay N8,750, while processing fee for request for change of data will cost N30,000.

All payments will be made online going forward according to the circular

READ MORE: http://news.naij.com/60269.html


Woolwich killers Adebolajo & Adebowale sentenced to life in prison

The two men who attacked a soldier, Lee Rigby, in May 2013 and hacked him to death in the streets in front of horrified onlookers near Woolwich Barracks in south-east London, have been sentenced to life in prison. Michael Adebolajo, 29, was given a whole-life term, while Michael Adebowale, 22, was jailed for life with a minimum of 45 years.

Daily Mail reports that the British-born men began shouting  'Allahu Akbar' and 'You (Britain) and America will never be safe' during their sentencing at the court in Central London today. They were bundled out of the courtroom by several security guards following their violent outburst and the judge was forced to sentence them in their absence.

Centenary Anniversary Broadcast by President Jonathan (pls read)

This is the national broadcast by Pres. Jonathan on the occasion of Nigeria’s Centenary Celebrations today Wednesday, 26th February, 2014. Read his full speech below
Dear Compatriots,

1.  I extend warm greetings and felicitations to all Nigerians as we celebrate our nation’s centenary; a significant milestone in our journey to Nationhood.

 2. One hundred years ago, on the 1st of January 1914, the British Colonial authorities amalgamated the Southern and Northern Protectorates, giving birth to the single geo-political entity called Nigeria which has become our home, our hope, and our heritage.
 3. I have often expressed the conviction that our amalgamation was not a mistake. While our union may have been inspired by considerations external to our people; I have no doubt that we are destined by God Almighty to live together as one big nation, united in diversity. Continue...

4. I consider myself specially privileged to lead our country into its second century of existence. And as I speak with you today, I feel the full weight of our hundred-year history. But what I feel most is not frustration, it is not disillusionment. What I feel is great pride and great hope for a country that is bound to overcome the transient pains of the moment and eventually take its rightful place among the greatest nations on earth.



5.         Like every country of the world, we have had our troubles. And we still do. We have fought a civil war. We have seen civil authorities overthrown by the military. We have suffered sectarian violence. And as I speak, a part of our country is still suffering from the brutal assault of terrorists and insurgents.


6.            While the occasion of our centenary undoubtedly calls for celebration, it is also a moment to pause and reflect on our journey of the past one hundred years, to take stock of our past and consider the best way forward for our nation.


7.         Even as we celebrate our centenary, we must realise that in the context of history, our nation is still in its infancy.


8.         We are a nation of the future, not of the past and while we may have travelled for a century, we are not yet at our destination of greatness.


9.         The amalgamation of 1914 was only the first step in our national journey. Unification was followed by independence and democracy which have unleashed the enormous potentials of our people and laid the foundation for our nation’s greatness.


10.    In challenging times, it is easy to become pessimistic and cynical. But hope, when grounded in realism, enables and inspires progress. Therefore, as we celebrate our first century of nationhood and enter a second, we must not lose sight of all that we have achieved since 1914 in terms of nation-building, development and progress.


11.    Today, we salute once again the great heroes of our nation – Herbert Macaulay, Ernest Ikoli, Dr. Nnamdi Azikiwe, Sir Ahmadu Bello, Sir Abubakar Tafawa Balewa, Chief Obafemi Awolowo, Alvan Ikoku, Chief Harold Dappa-Biriye, Dr. Michael Okpara, Chief Anthony Enahoro, Mallam Aminu Kano, Mokwugo Okoye and Chief Michael Imoudu among others.



12.    We must be inspired by our past to overcome the obstacles we face in the present and honour our forebears by realising the promise of a Nigeria that is not only independent but also truly unified, prosperous and admired the world over.

13.    The history of Nigeria since independence is the story of a struggle to fulfill our great promise. The discovery of oil in our country in the late 1950s offered new hope of prosperity but we have not always been able to reap the benefits in a fair and equitable way.


14.    The situation was not helped by political instability and the frequent suspension of democracy by military coups. During the civil war, the very existence of our country was cast into doubt but through it all, the promise of a Nigeria that is united, free and strong remained in our people's hearts.


15.    Thanks to the efforts of our statesmen and women, and millions of ordinary Nigerians, the union endured and flourished.  I would like to specifically commend members of the Armed Forces for their contributions and sacrifices to keep Nigeria one.


16.    General Yakubu Gowon had the wisdom and grace to declare that the civil war had seen "no victor, no vanquished" and welcomed, "the dawn of national reconciliation".


17.    It was in this spirit that General Olusegun Obasanjo collected the instruments of surrender at the end of the war and later became the first military ruler in our country to hand over power voluntarily to a democratic government.


18.    While the Second Republic did not last, his fine example was later followed by General Abdulsalam Abubakar who paved the way for our current democratic dispensation which has lasted longer than the previous three put together. 

19.    As we celebrate our centenary, I believe that it is vital that we focus our thoughts on the vast potentials of a unified and progressive Nigeria; and build on the relative stability of the Fourth Republic to achieve accelerated national socio-economic development.

20.    I also believe that the future greatness of our country is assured by the favourable tail winds of a resilient population, ecological diversity, rich natural resources and a national consciousness that rises above our differences.



21.    We are a unique country. We have been brought together in a union like no other by providence. Our nation has evolved from three regions to thirty six states and a Federal Capital Territory.


22.    We have transited from the Parliamentary to a Presidential system of government. We have moved our capital from the coastal city of Lagos to Abuja, at the centre of our country.



23.    Today Abuja stands as a monument to our national aspiration for greater unity; it symbolises our dream of a modern nation unhinged from primordial cleavages and designed as a melting pot of our diversity.


24.    If in our first century, we could build a new capital city, we can surely build a newer, stronger, more united and prosperous Nigeria in the next century that will be an authentic African success story.


25.    The whole world awaits this African success story. With our sheer size, population, history, resilience, human and natural resources and economic potentials, Nigeria is divinely ordained to lead the African Renaissance.


26.    That is why I am confident that in the next 100 years, those who will celebrate Nigeria’s second centenary, will do so as a united, prosperous and politically stable nation which is truly the pride and glory of Africa and the entire black race.
 27.    The key to the fulfilment of that vision is our continued unity as a nation. Perhaps one of the most amazing stories of our political evolution in the last hundred years is that an ordinary child of ordinary parentage from a minority group has risen to occupy the highest office in our country.
 28.    As we march into the next hundred years, it is my hope that mine will no longer be an extra-ordinary story but an accepted reality of our democracy that every Nigerian child can pursue his or her dreams no matter how tall; that every Nigerian child can aspire to any position in our country, and will not be judged by the language that he speaks or by how he worships God; not by gender nor by class; but by his abilities and the power of his dreams. 

29.    I am proud and privileged to have been elected leader of Nigeria and I consider it my solemn responsibility to act in the best interest of the nation at all times.

30.    Dear compatriots, in line with the thoughts of that great son of our continent, Nelson Mandela, let us not judge ourselves, and let not the world judge us by how many times we have stumbled, but by how strongly we have risen, every single time that we have faltered.


31.    Even as we remain resolute in our conviction that our union is non-negotiable, we must never be afraid to embrace dialogue and strengthen the basis of this most cherished union. A strong nation is not that which shies away from those difficult questions of its existence, but that which confronts such questions, and together provides answers to them in a way that guarantees fairness, justice and equity for all stakeholders.

32.    My call for the National Conference in this first year of our second century is to provide the platform to confront our challenges. I am confident that we shall rise from this conference with renewed courage and confidence to march through the next century and beyond, to overcome all obstacles on the path to the fulfilment of our globally acknowledged potential for greatness.


33.    I have referred to national leaders who did so much to build our nation in the past hundred years but nation-building is not just a matter for great leaders and elites alone.
  

34.    All Nigerians must be involved in this national endeavour. From the threads of our regional, ethnic and religious diversities we must continuously weave a vibrant collage of values that strengthen the Nigerian spirit.


35.    The coming National Conference should not be about a few, privileged persons dictating the terms of debate but an opportunity for all Nigerians to take part in a comprehensive dialogue to further strengthen our union. 

36.    I am hopeful that the conference will not result in parochial bargaining between competing regions, ethnic, religious and other interest groups but in an objective dialogue about the way forward for our nation and how to ensure a more harmonious balance among our three tiers of government. 

37.    My dear compatriots, as we celebrate our centenary, the security situation in some of our North-Eastern States, sadly remains a major concern for us. Just yesterday, young students, full of hopes and dreams for a great future, were callously murdered as they slept in their college dormitories in Yobe State. I am deeply saddened by their deaths and that of other Nigerians at the hands of terrorists. Our hearts go out to their parents and relatives, colleagues and school authorities.


38.    We will continue to do everything possible to permanently eradicate the scourge of terrorism and insurgency from our country.  We recognise that the root cause of militancy, terrorism and insurgency is not the strength of extremist ideas but corrupted values and ignorance.

39.    That is why our counter-terrorism strategy is not just about enforcing law and order as we haveequipped our security forces to do. It also involves expanding economic opportunities, social inclusion, education and other measures that will help restore normalcy not just in the short term, but permanently.


40.    I want to reassure Nigerians that terrorism, strife and insecurity in any part of Nigeria are abhorrent and unacceptable to us. I urge leaders throughout Nigeria to ensure that ethnicity and religion are not allowed to become political issues.

41.    I hope and pray that one hundred years from now, Nigerians will look back on another century of achievements during which our union was strengthened, our independence was enhanced, our democracy was entrenched and our example was followed by leaders of other nations whose ambition is to emulate the success of Nigeria; a country that met its difficulties head-on and fulfilled its promise.

42.    Finally, Dear Compatriots, as we enter a second century in the life of our nation, let us rededicate ourselves to doing more to empower the youth of our country. Our common heritage and future prosperity are best protected and guaranteed by them. We must commit our full energies and resources to empowering them to achieve our collective vision of greatness in this second century of our nationhood.

43.    That is the task before our country; that is the cause I have chosen to champion and I believe we will triumph.

44.    I wish all Nigerians happy Centenary celebrations.

45.    Long live the Federal Republic of Nigeria.

46.       I thank you.

Tuesday 25 February 2014

PHOTONEWS : Ejigbo Pepper Sodomy And Murder Case : Police Parades 10 Suspects, Declares Four Others Wanted


Police PPRO Frank Mba and Women Arise Exec. Director, Dr. Joe Okei-Odumakin
The Nigeria Police Force today paraded ten suspects arrested in connection with the torture, murder and sodomy of three females accused of stealing pepper in the Ejigbo area of Lagos State, an event that occured in February 2013.
The police held a conference at the Special Anti-Robbery Squad unit in Lagos, parading the suspects.
The paraded suspects included the Babaloja of the Ejigbo Market, Isiaka Waheed, the Iyaloja and several others persons   involved in the heinous crime.
Addressing the press, the Police PPRO, Mr. Frank Mba declared four other suspects who are still at large, wanted.
Those wanted in the crime include Tiri (surname unknown), the suspect who stripped the young girl naked and also captured the torture on tape; Tepa Oluranti
Akeem (surname unknown) and Michael Abolore.
The Nigeria police headquarters , the Lagos State Office of the Public Defender (OPD) and civil society organizations led by the Women Arise team thanked members of the public who volunteered information that helped in tracking the   suspects. They urged the public to assist with information that could lead to the arrest of the other suspects at large.



Sanusi sues Jonathan over suspension

Suspended Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, has dragged President Goodluck Jonathan before a Federal High Court in Abuja over his suspension from office, fulfilling his desire to test the limits of presidential power over incumbent central bank chiefs.

The ousted bank boss is urging the court to restrain the President, the Attorney General of the Federation and the Inspector General of Police from giving effect to his purported suspension from office as the Governor of the Central Bank of Nigeria, pending the determination of his suit.

He also wants the court to make an order of interlocutory injunction restraining the defendants from obstructing,disturbing, stopping or preventing him from in any manner whatsoever from performing the functions of his office as the Governor of the Central Bank of Nigeria and enjoying in full, the statutory powers and privileges attached to the office of the governor of Central Bank of Nigeria.

Sanusi Lamido Sanusi: challenges suspension
Sanusi Lamido Sanusi: challenges suspension

In the suit filed on behalf of the ousted CBN boss by his lawyers led by Chief Kola Awodein, a senior advocate of Nigeria, Sanusi told the court that his interlocutory application is necessary because of the issues raised in the suit and that delay may likely entail irreparable and serious damage and mischief on him in the exercise of his statutory duties as the CBN Governor.
He urged the court to exercise its discretion in his favour by granting the interlocutory injunctions as the President’s continuing unlawful interference with the management and administration of the apex bank, unless arrested, poses grave danger for Nigeria’s economy and justifies the court granting his application which will result in maintaining status quo ante bellum, that is, for his return to his office as the Governor of the CBN.

In the affidavit deposed in support of his application, the suspended CBN boss averred that in the course of his duties as the CBN Governor, that he discovered certain discrepancies in respect of amounts repatriated to the federation account from the proceed of crude oil sales between the period of January, 2012 and July, 2013 and that he expressed concern in respect of the said discrepancies and had cause to inform the National Assembly of the said discrepancies because theyy affect the revenue of the federation and the national economy.

He further stated that the actions of President Goodluck Jonathan, in purporting to suspend him from office, is aimed at punishing him for these disclosures.

He also stated that he is challenging the President’s power to suspend him from office noting that the President did not approach nor obtain the support of the senate, based on his discussions with several senators, including Senator Bukola Saraki.

“I have been informed, and I verily believe the information given to me by Senator Bukola Saraki to be true and correct that the senate did not give the President any support for my purported suspension and removal from office as the Governor of the Central Bank of Nigeria”

Sanusi further stated that the actions of the President in suspending him from office is contrary to provisions of the Central Bank of Nigeria Act relating to the appointment and removal of the CBN Governor and that his purported suspension amounts to unlawful interference in the administration and management of the apex bank and is illegal, null and void and urged the court, in the interest of justice, to grant his reliefs.

The suit which was filed late Monday afternoon is still at the Federal High Court’s Registry in Abuja awaiting to be assigned to a judge for hearing of the suit.

President Jonathan in an interview Monday night argued that he has the power as the president to suspend the CBN governor. He even described his power as absolute.

Boko Haram attacks Federal Govt College Yobe, kills 29 students

Men suspected to be members of the Islamic Sect, Boko Haram, today Tuesday Feb 25th launched an attack on students of the Federal Government College Buni-Yadi Yobe state, killing 29 students (or more), Hausa Service BBC reports. Some buildings in the school were also reportedly razed.

Sources at the school said the men invaded the school in the early hours of this morning while the students were still sleeping in their hostels and slaughtered them. Guns were not used in the attack as was the sect's usual practice, probably to avoid the attention of people. They used machetes.

The Federal Government College Buni Yadi is a co-educational institution located some 55km south of Damaturu the Yobe State capital. This is the fourth attack on secondary schools since the inception of the sect members.