Fidelity Bank Appoints Ernest Ebi Chairman, Two Other Directors Obinna Chima Fidelity Bank Plc has announced the appointment of Mr. Ernest Ebi as a NonExecutive Director and Chairman-designate of the Board of Directors of the bank. His appointment follows
T H I S D AY S P E C I A L R E L E A S E the retirement of the erstwhile chairman of the bank, Chief Christopher Ezeh, who after over 11 years of meritorious service has retired, having attained the retirement age for non-executive directors in
line with the bank’s policy. A statement, yesterday, by Fidelity Bank explained that the board also approved the appointment of Mr. Charles Chidebe Umolu and Mr. Kings C. Akuma as Non- Executive
Directors of the bank. These appointments are subject to the approval of the Central Bank of Nigeria (CBN). Ebi, a former Deputy Governor, Policy and Corporate Services at Central Bank of Nigeria (CBN) for 10 years, brings to the Fidelity
Bank board a solid wealth of corporate experience. Prior to his stint at the CBN, Ebi’s sterling career saw him rising to the top position as Deputy Managing Director/Chief Operating Officer of Diamond Bank Plc in 1998, having also served
as Managing Director/Chief Executive Officer of New Nigeria Bank plc. He was also a former Executive Director, African Continental Bank. A Fellow of the Chartered Institute of Bankers of Nigeria, Continued on page 8
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Hopes of Early Resolution of PDP Crisis in Ondo Fade as A'Court Justices Step Down... Page 9
Niger Delta Gives Buhari 16 Conditions for Peace
Kachikwu: Oil production has risen to 2.1mbpd due to dialogue We have the mandate of militants, says Clark President welcomes demands from the region Tobi Soniyi in Abuja The people of the Niger Delta, under the aegis of Pan-Niger
Delta Forum, have submitted 16 conditions to President Muhammadu Buhari, which the federal government must
meet for lasting peace in the oil-rich region. But the Minister of State for Petroleum Resources, Dr.
Ibe Kachikwu, has stated that the president has asked for time to enable him come up with permanent and lasting
solutions to the demands of critical stakeholders of the region. King Alfred Diete-Spiff,
the Amanayabo of Brass and Chairman of the Traditional Continued on page 6
Senate Rejects FG’s $30bn Borrowing Plan, Presidency, DMO Defend Loans
Speaker, Gbajabiamila lobby lawmakers on foreign borrowing Ndubuisi Francis, Omololu Ogunmade and Damilola Oyedele in Abuja The Senate yesterday threw out President Muhammadu Buhari’s request to raise $29.9 billion in foreign loans over a three-year period. The request was thrown out without being subjected to debate through a voice vote, after the motion for its consideration was moved by the Senate Leader, Senator Ali Ndume. But the belief is that the Senate might have thrown
out the request because the executive arm of government has refused to make any commitment on when funds will be disbursed for the constituency projects that are critical to all members of the National Assembly. The presidency and Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, however, promptly defended the external borrowing programme, stating that most of the funds would be used to address critical infrastructure Continued on page 6
House May Rescind Passage of Amendment of CCT/CCB Act.. Page 9
NIGER DELTA LEADERS PRESENT THEIR DEMANDS...
R-L: Elder statesman and a former Federal Commissioner for Information, Chief Edwin Clark; Air Commodore Idongesit Nkanga (rtd); former Akwa Ibom State Governor, Chief Victor Atta; and the Amanayabo of Brass Kingdom, King Alfred Diete-Spiff, at the Niger Delta stakeholders' meeting with President Muhammadu Buhari, at the Presidential Villa, Abuja… yesterday godwin omoigui