BusinessDay 30 Sep 2018

Page 1

BDSUNDAY BUSINESS DAY

58 years of pillars, caterpillars and locusts

p.16

Analysts predict bearish trend for Q4 as equities shed N1.65 trn YTD

Again, Art X Lagos spotlights contemporary African art p. 38

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p. 37

Sunday 30 September 2018

20yr Bond

2019: Fresh concerns over INEC’s credibility

-0.07 15.15%

CHUKS OLUIGBO & INIOBONG IWOK

Market & Commodities Monitor Brent Oil

5yr Bond

$82.72

-0.08 14.96%

Gold

10yr Bond

$1,196.50

-0.06 15.13%

Cocoa

$2,057.0

Vol 1, No. 236 N300

inside Religion should be a tool for integration, not destruction – Prelate Kalu Uche p. 18

Araraume: Asset or liability to Imo APGA?

T

he just concluded governorship election in Osun State has raised fresh concerns over the credibility and preparedness of the nation’s electoral umpire, the Independent National Electoral Commission (INEC), to conduct free and fair elections in 2019.

This is in spite of several assurances by INEC that it is committed to conducting free, fair and credible elections next year. Ahead of the September 22 election in Osun, political analysts and commentators had reiterated that it would be yet another litmus test for not just INEC but also for the police and other security agencies. The conduct of the poll, just like the Ekiti State election before it, they said, would give a peek preview into what Nigerians and the

international community would expect from INEC in the 2019 general election. But while most election observers commended INEC for the conduct of the original poll on September 22, saying it was an improvement over Ekiti, the rerun of September 27 has been trailed by widespread condemnation. In its preliminary report on the Osun

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DECISION DAY FOR INCUMBENTS AS APC, PDP HOLD PRIMARIES

Jibrilla Bindow

Abdullahi Ganduje

Akinwumi Ambode

Okezie Ikpeazu

Udom Emmanuel

Ifeanyi Ugwuanyi

Nasir El-Rufai

Samuel Ortom

Ben Ayade

Darius Ishaku

p. 22

I am going to the Senate to liberate my people – Akpoti p. 24-25

Dredging: Making billions at the expense of Bayelsa environment p. 31

Hamzat turns in support for Sanwo-Olu, rumoured as running mate …36 lawmakers adopt Sanwo-Olu JOSHUA BASSEY

I

ncumbent Governor Akinwunmi Ambode of Lagos State faces a tough battle today in the All Progressives Congress (APC) governorship primaries following ground-swelling realignment of forces against his second-term bid. The latest in what seems a conspiracy

against Ambode is the endorsement of Babajide Sanwo-Olu, Ambode’s main challenger, by Obafemi Hamzat, the third of the aspirant. Hamzat’s decision to turn in support for Sanwo-Olu finally nailed the speculations in the last one week, that he was in the race to limit Ambode’s chances. Since picking up and submitting his nomination and expression of interest forms three weeks ago, Hamzat,

a former commissioner for works and infrastructure in the state, has been silent and seen doing nothing to suggest seriousness. BDSUNDAY gathered from sources close to the Lagos APC that Hamzat is being considered to be Sanwo-Olu’s running mate if Sanwo-Olu eventually picks the party ticket

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