Fayemi Negotiates $500m Mining Investment Fund with NSIA Secures presidential approval to access Natural Resource Fund Chineme Okafor in Abuja The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has disclosed that he is currently
negotiating a $500 million investment fund with the Nigerian Sovereign Investment Authority (NSIA), managers of Nigeria’s Sovereign Wealth Fund,
to support a long term development plan for the country’s mining sector. Speaking with THISDAY in an exclusive interview at the weekend in Abuja, Fayemi
W’Bank to also support transactions in mining sector
said the Federal Executive Council (FEC) in August approved a new roadmap for the development of the mining sector, adding that with a proactive execution
of the roadmap, the sector was expected to contribute up to $27 billion to Nigeria’s Gross Domestic Products (GDP) ratio by 2025. He said it was based on
the targets of the roadmap that the discussion with the NSIA was initiated, an approval by President Continued on page 52
FG Tells Lagos to Refund Billions of Naira Collected in Wharf Landing Fees… Page 56 Monday 10 October, 2016 Vol 21. No 7844. Price: N250
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NJC Meets As More Supreme Court Justices Face Imminent Arrest Eight more judges under investigation, seven still in detention Suspects may be suspended APC, PDP disagree over SSS modus operandi Presidency reassures judiciary of its independence
Iyobosa Uwugiaren, Tobi Soniyi and Onyebuchi Ezigbo in Abuja The sting operations carried out by the Department of State Services (DSS) against some judges across the country are not over yet, as more judges
will be arrested and likely prosecuted for bribe taking in the next few days or weeks, a senior intelligence officer told THISDAY in Abuja last night. Continued on page 52
Nigeria is Failing, Says Anyaoku Warns that current structure leads to nowhere
Paul Obi in Abuja Former Secretary General of the Commonwealth of Nations, Chief Emeka Anyaoku, yesterday said Nigeria was failing and
warned that the country’s federal structure as currently composed would not help Nigeria to attain nationhood. Continued on page 52
Kaduna Government Orders Arrest and DANGOTE IN FRANCE Dangote Group, Alhaji Aliko Dangote, and the President of France, François Hollande, discussing after a Prosecution of Shiite Spokesman… Page 54 President/CEO, private meeting on trade partnership between France and Africa at Champs-Élysées, France… Friday