16.04.18
FOR GOD AND COUNTRY
No. 3,042
MONDAY
MONDAY
N200
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Ghana To Pay $100m Gas Debt Owed Nigeria BY CHIKA IZUORA, Lagos
The West African Gas Pipeline Company (WAPCO) has disclosed that the government of Ghana has a standing arrangement with N-Gas of Nigeria to clear an outstanding debt of about $100 million. The assurances followed
media reports revealing that the government of Ghana owes N-Gas some $160 million. In times past, the debt owed N-Gas resulted in a cut in supply of gas to that country, which affected power generation.
The general manager, corporate affairs of WAGPCO, Harriet Wereko Brobbey, is quoted as saying that the current government had instituted an arrangement for paying the debt, which has largely been followed.
She explained that the agreement was reached when the NPP government came into office. She said, “There is an arrangement in place now which is that the debt will be paid in
Minimum Wage: Labour Moves Against Defaulting Govs ➔Pg. 6
tranches and we are happy…We know that this arrangement is actually for the money to be paid to N-Gas. “There was a promise to pay, which was arrived at by this government. There is an arrangement in place for the debt ➔ CONTINUED ON PAGE 6
PMB Strategises Ahead Of 2019, Meets Tinubu, Others In London 5
We Have Continued To Create Innovative Solutions – Jim Ovia BY MARK ITSIBOR, Abuja
Chairman of Zenith Group, owners of Nigeria’s leading financial institution, Zenith Bank Plc, Mr. Jim Ovia has said the bank has continued to be in the forefront of creating innovative
solutions for raising benchmarks and setting the pace in financial technology. He restated the commitment of the bank to continue to deliver higher returns on investment to its investors despite the prevailing
economic challenges. Speaking at the 27th annual general meeting of Zenith Bank in Abuja at the weekend, Ovia reiterated the bank’s commitment to continually delight its customers as part of its central
focus in business operation. “As a leader in the digital space, with an unwavering determination for raising benchmarks and setting the pace in financial technology, we have invested immensely in new technologies
and digital solutions... the goal for us particularly as the Fourth Industrial Revolution (4IR) beckons in Africa is to continually create innovative solutions that ensure convenience, speed and ➔ CONTINUED ON PAGE 5
R-L: Chairman, Zenith Bank Plc, Jim Ovia; Group Managing Director/ Chief Executive Officer of the bank, Peter Amangbo and Deputy Managing Director, Adaora Umeoji, during the Bank’s 27th annual general meeting in Abuja, at the weekend.