Saturday 6th May 2017

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Again, CBN Boosts Forex Supply with $389 Million In Just 3 Months, Nigeria Spends N760bn on Importation of Petroleum Products

Ndubuisi Francis in Abuja and Obinna Chima

The retail segment of the interbank forex market received a huge boost yesterday as the Central Bank of Nigeria

(CBN) intervened with a total of $388.66 million sold to authorised dealers in that sector of the market. It also emerged yesterday that about 5.77.06 billion litres of petroleum products

valued at N760.44 billion were imported into the country in the first quarter of 2017. Yesterday’s figures were the results of the bids submitted by dealers since Tuesday, May 2, 2017.

Confirming the numbers, the Acting Director, Corporate Communications Department at the CBN, Isaac Okorafor, disclosed that $87.885 was for spot sales, while $300.8 million was sold as forwards.

Okorafor further explained that the forwards were sold into three tenors of 30, 45 and 60 days respectively. According to him, the Bank sold $100.95 as 30-day forwards; $110.48 million as 45-day

forwards and $99.37 as 60-day forwards. While also confirming that the Bank continued with its intervention in the Bureau Continued on page 8

Kogi Governor Threatens to Sack Striking Doctors over Unpaid Salaries... Page 47 Saturday 6 May, 2017 Vol 22. No 8052. Price: N250

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EFCC: Wife of Suspended NIA DG Bought Ikoyi Flat for N360m Despite Osinbajo's panel, EFCC pursues permanent forfeiture of Ikoyi millions Benneth Oghifo with Agency report The apartment in Ikoyi, Lagos, where $43.5 million was found in April, was bought for N360 million by a company owned by Folashade Oke, wife of the suspended Director-General of the National Intelligence Agency (NIA). The Economic and Financial

Crimes Commission (EFCC) said this yesterday at a federal high court in Lagos. In an affidavit and exhibits tendered to support a prayer for the permanent forfeiture of the money to the federal government, the EFCC said a company called Choba Ventures Limited bought the flat and paid for it between August

and September 2015. The EFCC said Fine and Country Limited, a real estate firm, was the vendor, and that up till now, despite notices published in newspapers, neither Oke nor Choba Ventures had stepped out to claim the money. Ayo, husband of Folashade, had claimed before a presidential panel, headed by Vice-President

Yemi Osinbajo that the money belonged to the NIA. There were reports that the money was part of the $285 million withdrawn from the account of an NNPC subsidiary, on the orders of former President Goodluck Jonathan. According to agency reports monitored in Lagos, in the affidavit filed in support of its

prayer for forfeiture, the EFCC tendered the receipt of payment to Choba Ventures Limited issued by Fine & Country Ltd, another company. The agency also tendered a Deed of Assignment between Union Bank of Nigeria plc and Choba Ventures Limited, while the third exhibit is a publication of the order of the court.

Rotimi Oyedepo, EFCC lawyer, said the commission’s finding in the course of investigation leaves no one in doubt that flat 7, Osborne was purchased by Choba Ventures Limited and that the company’s directors are one Ayodele Folashade Oke and her son. Continued on page 8

Buhari at Juma'at Prayer It’s a religious calling; people should not politicise it, says Adesina Omololu Ogunmade in Abuja Two weeks after he was last seen in the public, President Muhammadu Buhari yesterday participated in Juma'at prayers in Aso Rock mosque. He was joined by Senator Abu Ibrahim, Senator Umaru Kurfi and the Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, among other personalities.

His appearance in the mosque at 1.20 pm laid to rest insinuations that the president might have been incapacitated following his prolonged absence at the weekly Federal Executive Council (FEC) meetings and his conspicuous absence at last week Juma'at prayers. Buhari upon appearing in the mosque yesterday, removed Continued on page 8

Osinbajo’s Visit to Delta State AND THE PRESIDENT PRAYS... Quelled Unrest, Says Okowa… Pg 48 President Muhammadu Buhari and his Chief of Staff, Abba Kyari during the Juma'at prayers ...yesterday

SUNDAY AGHAEZE.

Governors Wives: Drug Abuse Rampant among Northern Women, Youths ...Page 8


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