CBN Aligns With NCC, To Resist ‘Hostile’ Takeover of Etisalat Banks: We have no intention of taking over telco, seek probe of $1.2bn loan Say UAE parent has abdicated its obligations to them, FG, regulators, other creditors Emma Okonji and Obinna Chima with agency report Just
like
the
Nigerian
Communications Commission (NCC), the leadership of the Central Bank of Nigeria (CBN) has informed the 13 banks
that extended a $1.2 billion facility to Etisalat Nigeria that it would resist the move by the lenders to takeover the
network operator without its express approval. This was the fallout of a meeting held between CBN
officials and the CEOs of the 13 banks yesterday in Abuja. Citing the Nigerian Communications Act (NCA),
the NCC on Tuesday had stepped into the crisis that has Continued on page 8
N’Assembly Prepares to Take on Executive in Court over Power of Appropriation... Page 10 Thursday 22 June, 2017 Vol 22. No 8099. Price: N250
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Stocks End Five-day Rally as MSCI Defers Decision on Nigeria Atlas Mara raises capital to increase stake in Union Bank Goddy Egene and Obinna Chima with agency reports
L-R: Governors Akinwunmi Ambode of Lagos, Rochas Okorocha of Imo, Rotimi Akeredolu of Ondo, Dave Umahi of Ebonyi, and Atiku Bagudu of Kebbi, before their meeting yesterday with acting President Yemi Osinbajo at the Presidential Villa, Abuja, where they were briefed on Osinbajo’s consultative meeting with leaders from the North and South-east on the need to end the hateful rhetoric that has created tension in the country in recent weeks
Nigerian stocks fell 2.6 per cent yesterday after global index provider, MSCI, said it would leave the country in its frontier index until at least November, when it will Continued on page 9
Osinbajo Warns Governors Not to Play Politics with National Security North, S’East leaders back arrest of proponents of hate, divisive speech Omololu Ogunmade in Abuja Acting President Yemi Osinbajo yesterday cautioned the governors of the 36 states of the federation to resist the temptation of playing politics with matters of national security, saying doing so was unhealthy for the country’s
unity. The acting president made the remark when he unveiled the report of his consultative meetings with leaders from both the North and South-east, which indicated that political,
religious and traditional rulers from both regions had given their backing for the arrest of anyone who henceforth engages in unlawful agitations, hate and divisive speeches. The meetings were the
fallout of the threat of secession by the Independent People of Biafra (IPOB) and the ultimatum given by a coalition of Northern youths to Igbos resident in the North to vacate the region.
At the opening session of his meeting with governors in the State House, Abuja, Osinbajo used the forum to give a summary of the output of his meetings with political, religious and traditional rulers
AGF Orders Appeal against CCT Judgment on Saraki... Page 8
from the North and South-east in the past one week. According to him, all the groups he met agreed that Nigeria remained an indissoluble and sovereign entity whose unity must not be negotiated by anyone, Continued on page 8