President Blames Prolonged Insurgency on Corrupt Officials ONSA develops terrorism threat levels, launches revised counter terrorism strategy Air assault kills Boko Haram leaders, 'Shekau' fatally wounded, military claims Senator Iroegbu in Abuja President Muhammadu Buhari has blamed the protracted
insurgency in the Northeast on corruption and the embezzlement of funds meant to acquire equipment to fight
terrorists in the regions by some government and military officials. Yet, as the president was laying
the blame on the doorsteps of some corrupt officials, the Nigerian military in its latest aerial assault against Boko
Haram enclaves in the Northeast, said it killed several of the sect’s commanders, including a fatally wounded man believed
to be the eccentric leader of the terror group Abubakar Shekau. Continued on page 8
FG Warns Nasarawa, Others Against Reduction of Minimum Wage, Working Hours… Page 48 Wednesday 24 August, 2016 Vol 21. No 7789. Price: N250
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TSA: Nine Banks Barred from Forex Market, CEOs Appeal UBA complies, others ask CBN to sell them dollars to return NNPC/NLNG funds More sanctions loom over transfer of FX free funds
Bolaji Adebiyi in Abuja and Obinna Chima in Lagos
The Central Bank of Nigeria (CBN) yesterday barred nine banks from participating in the foreign exchange
market for failing to return a total of $2.334 billion of Nigerian National Petroleum Corporation (NNPC)/ Nigerian Liquefied Natural Continued on page 9
LIST OF BANKS YET TO RETURN NNPC/NLNG FUNDS United Bank for Africa Plc First Bank of Nigeria Ltd Diamond Bank Plc Sterling Bank Plc Skye Bank Plc Fidelity Bank Plc Keystone Bank Ltd First City Monument Bank Ltd Heritage Bank Ltd TOTAL
$530m $469m $287m $269m $221m $209m $139m $125m $85.5m $2.334bn
Buhari: We Won’t Use Force Against N’Delta Militants, Unless…
Kerry: Nigeria’s anti-graft war has become a model Tobi Soniyi in Abuja
President Muhammadu Buhari has said that government will not resort to the use of force to stop the militancy in the Niger Delta,
except it is forced to do so. A statement issued in Abuja yesterday by his media aide, Mr. Femi Adesina, said Buhari made the promise Continued on page 8
A RARE TOUR OF THE PALACE
The Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III, conducts US Secretary of State, Mr. John Kerry, around his palace during Kerry’s visit to Sokoto… yesterday