Tuesday 21th February 2017

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Michael Ibru’s Children Fight over Father’s Estate Davidson Iriekpen with agency report The children of the scion of the Ibru family, the late Chief Michael Ibru, have filed suits and counter-suits over the division of his multi-billion

naira estate. Ibru, one of Nigeria’s prominent businessmen, died last September. He was aged 86. One of his sons, Oboden Ibru, has approached the Igbosere High Court, Lagos,

for a declaration, among others, that he and his 15 other siblings are entitled to an equal share of their father’s estate. But in a counter-claim, one of the Ibru’s daughters, Janet Ibru, has urged the court to

declare that only persons whose paternity is confirmed by a diagnostics centre in the United States are entitled to an equal share of the estate. Oboden’s suit was filed February 8 by Chief Bolaji Ayorinde (SAN) but has not

been assigned to a judge. The defendants are Oskar Ibru, Peter Ibru, Emmanuel Ibru, Gloria Ibru, Elaine IbruMukoro, Elvina Ibru, Mamemo Ibru, Janet Ibru, Obaro Ibru, Vivi Ibru-Stankov, Edesiri Ibru, Christiana Ibru, Jero

Ibru, Vikwesiri Ibru, Gabriel Ibru and the Probate Registrar, High Court of Lagos State. The claimant is seeking an order declaring that a Memorandum of Understanding Continued on page 8

PDP Crisis: Makarfi Seeks Stay of Execution on A'Court Ruling… Page 10 Tuesday 21 February, 2017 Vol 22. No 7978. Price: N250

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22 Killed in Fresh Attacks in Southern Kaduna El-Rufai condemns onslaught, garrison commander, police commissioner relocate to Kaura, Jama’a LGs John Shiklam in Kaduna Despite the heavy security presence in the southern part of Kaduna State, suspected armed Fulani herdsmen for the umpteenth time launched fresh attacks on four communities in the region between Sunday and yesterday morning, killing 22 persons in the process.

L-R: Kebbi State Governor, Atiku Bagudu; Founder of Silverbird Group, Senator Ben Murray-Bruce; former Vice-President and chieftain of the All Progressives Congress (APC), Atiku Abubakar; and Anambra State Governor, Chief Willie Obiano, at the 2017 Silverbird Awards held in Lagos… weekend

Continued on page 8

CBN Abolishes Preferential Treatment for Manufacturing, Other Sectors

Directs banks to open FX retail outlets at major airports weekly to banks for PTA, school fees Obinna Chima Following its resolve to meet all unfilled foreign exchange

(FX) demand in the country, the Central Bank of Nigeria (CBN) yesterday announced that it will no longer impose

allocation/utilisation rules for the manufacturing and other select sectors on commercial banks.

The CBN stated this in a statement on new policy actions in the FX market signed by its acting Director,

Forex to be sold

Corporate Communications, Mr. Isaac Okorafor. The move, THISDAY learnt, is aimed at enthroning

a more efficient and competitive FX market. Continued on page 8

Presidency, Senate Decry Xenophobic Attacks Against Nigerians in South Africa… Page 12


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Tuesday 21th February 2017 by THISDAY Newspapers Ltd - Issuu