Sunday 23rd July 2017

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9Mobile Proves Attractive to BUA, Virgin, Vodacom, Others Emma Okonji BUA Group, Virgin Mobile from the United Kingdom and Vodacom of South Africa and other investors have expressed interest in acquiring 9Mobile, Nigeria’s fourth largest telecoms company,

THISDAY has gathered. The telecoms company, which recently unveiled its new logo and brand identity as 9Mobile, is said to be open to new investor that is willing to invest heavily in the telecoms company in such a way that it will

have the required amount of money to offset its $1.2 billion bank loan. THISDAY authoritatively gathered that BUA Group, Virgin Mobile and Vodacom amongst other investors, have indicated their interests to invest in 9Mobile and

fully acquire the telecoms company. BUA Group and the two operators along with the others were already making plans to submit their memorandum of interest and technical presentations to a consortium of banks.

The BUA Group were trying to put together a bid with their technical partner. The consortium of banks has appointed advisers, which include Standard Bank of South Africa and Citibank of New York to receive and evaluate bids.

Every bid will be reviewed before bringing them to the board of new directors. A statement made by the CEO of 9Mobile, Mr. Boye Olusanya, during the media unveiling of the 9Mobile Continued on page 9

Capture Shekau Dead or Alive in 40 Days, Buratai Orders War Commander ...Page 12 Sunday 23 July, 2017 Vol 22. No 8130

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restructuring of nigeria ... arise/thisday debate begins

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L-R: A chieftain of Afenifere, Chief Supo Shonibare; National Chairman of the Peoples Democratic Movement, Bashir Yusuf; Arise News/THISDAY Debate Anchor, Charles Aniagolu; President General, Ohaneze Ndigbo, Chief Nnia Nwodo; constitutional lawyer and member of the Northern think-tank group, Prof. Auwalu Yadudu; former Director General of the National Intelligence Agency (NIA), Chief Albert Horsfall; Mr. Luqman Edu; former Cross River State Attorney General, Mrs. Nella Andem Rabana (SAN); and Managing Director of THISDAY Newspapers, Mr. Eniola Bello, at the Arise Studios, Abuja…recently

In Proposed Constitution Amendment, Ministerial Nominees to be Presented 30 Days from Presidential Inauguration Hope rises for LG autonomy, as National Assembly begins debate Tuesday Lowers age for elective offices

Damilola Oyedele in Abuja Hopes were raised at the weekend that the era of delay in the appointment of ministers by the president might soon be a thing of the past, as the joint committee of the National Assembly on review of the 1999 Constitution proposed a time limit for the submission of the list of ministerial nominees. THISDAY learnt that local gov-

ernment autonomy was also pencilled in for consideration in the report of the committee, headed by Deputy Senate President Ike Ekweremadu. This raises hopes that the local councils may finally be freed from executive stranglehold. Ekweremadu submitted the report of the joint committee on the review of the 1999 Constitution to the Senate and House of Representatives on Thursday, with assurances

that debate on it would commence on Tuesday. The report contains items that had been adopted by the joint session of the Senate and the House of Representatives committees on constitution review. THISDAY gathered that the committee recommended a 30-day deadline from the day of the president’s inauguration

for his submission of the list of ministerial nominees to the Senate for approval. It also proposed the reduction of age requirements for election into executive and legislative positions. The proposed alterations were harmonised at the joint retreat of the Senate and House of Representatives

THISDAY Style Returns Next Week…

Committees on the Review of the 1999 Constitution penultimate weekend in Lagos. Local government autonomy has been a perennial topic in constitution amendment processes since the inception of the Fourth Republic in 1999, though it has never succeeded. The closest the issue came to being amended was during the Seventh National Assembly, when Section 162 of the

1999 Constitution was among 23 items amended by the National Assembly and passed to the 36 states Houses of Assembly in October 2014 for concurrence. Concurrence by two-thirds of the assemblies, that is 24 Houses of Assembly, is required to pass amendment to any constitutional item into law. But 23 states’ Houses of Assembly voted against Continued on page 9


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