PRESIDENT Goodluck Jonathan, yesterday, forwarded to the Senate a 2012-2015 medium-term Fiscal framework, MTFF and 2012 Fiscal Strategy Paper, FSP, with plans to begin the withdrawal of fuel subsidy from next year.

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The Chairman of the House of Representatives committee on Capital Market and Institutions, Hon. Herman Hembe has disclosed that his committee will investigate the on going recapitalization of the eight rescued banks in the country, saying that from reports received so far, there are indications that the process has been largely flawed and the laws, rules and procedures guiding the exercise have not been followed.

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NOTWITHSTANDING the socio-economic and political challenges confronting Nigeria, former President Shehu Shagari says the mere fact that she overcomes crises and has thus far survived as an entity was enough reason to celebrate her 51st independence anniversary.

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AS the twin evils of bad governance and corruption continue to bedevil Nigeria’s underdevelopment, President Goodluck Jonathan, on the country’s 51st Independence Anniversary, declared that he has hard decision to improve governance to ensure greater transparency, probity, and accountability at all levels.

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With 24 hours to Nigeria’s 51st Independence anniversary celebrations, the Federal Government is taking no chances on the security threat posed by Boko Haram sect and Movement for the Emancipation of Niger Delta, MEND, as the Nigeria Airforce and the Nigeria Police have deployed helicopters to commence air patrols of the Federal Capital Territory while night patrol by the Army, Navy, Airforce and Mobile Police personnel in the city is now round the clock.

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Borno State Governor, Kashim Shettima said yesterday, that a top commander of the deadly sect, Boko Haram has been arrested alongside five other members. With the arrest, a relieved Governor Shettima who confirmed it to the Associated Press said, “I believe the worst is over”.

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The Code of Conduct Bureau said, yesterday, that 15 former governors will soon be charged to court for lying in the assets declaration forms they filled while in office.

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THE Presidential Committee on Security Challenges in the North-East Zone, which was set up following the bomb attacks by the Islamic sect, Boko Haram, yesterday submitted its final report, asking President Goodluck Jonathan to consider the grant of amnesty to members of the sect wishing to surrender their arms to the Federal government.

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In anapparent response to criticisms that he is weak and too tolerant, President Goodluck Jonathan vowed yesterday to bring down those he described as “the Goliaths of Nigeria”, declaring that he did not have to rule with autocratic powers like the Biblical Pharaoh to change Nigeria.

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Barring any last-minute maneuvering, Sunday Vanguard can report that the case by the Code of Conduct Bureau, CCB, against the former governor of Lagos State, Senator Bola Ahmed Tinubu, is a source of disquiet between federal commissioners of the bureau and its chairman, Mr. Sam Saba.

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