Wednesday 26th July 2017

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Emefiele Explains CBN’s Role in 9Mobile Debt Crisis Expresses concern over budget implementation as Bank retains key policy rate Ndubuisi Francis in Abuja and Obinna Chima in Lagos with agency report The Governor of the Central Bank of Nigeria (CBN),

Mr. Godwin Emefiele has explained that the CBN’s role in the 9Mobile’s (formerly Etisalat) debt crisis was aimed at safeguarding the interest of over 20 million subscribers and

more than 4,000 employees of the network operator. Emefiele said CBN’s intervention alongside the regulator in the telecommunication sector

– Nigeria Communication Commission (NCC) – was worth the while, considering the ripple effect not doing so would have had on major stakeholders in particular

and the economy as a whole. Fielding questions from journalists after briefing them on the outcome of the meeting of the Bank’s Monetary Policy Committee (MPC) in Abuja

yesterday, Emefiele said with a subscriber base in excess of 20 million and a workforce of more than 4,000, any likely Continued on page 12

Jumbo Allocation: FG, States, LGs Share N652bn for Month of June... Page 49 Wednesday 26 July, 2017 Vol 22. No 8133. Price: N250

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TODBVAY'S WEATHER

ABUJA 16°C-33°C

MAIDUGURI 15°C-35°C

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ENUGU 22°C-34°C

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KANO 11°C-33°C

LAGOS 23C-31°C

PORT HARCOURT 20°C-30°C

Buhari Assures Guinean President of His Recovery, Seven Governors Visit Accepts invitation to lead AU anti-corruption fight To return as soon as doctors give green light Osinbajo to swear-in new ministers today Omololu Ogunmade in Abuja President Muhammadu Buhari has written a letter of appreciation to the President of Guinea, Alpha Conde for the nationwide prayers held last week by Guineans for his recovery and good health. This is just as the Nigerian Governors’ Forum (NGF)

last night dispatched seven governors to London to meet with Buhari, 48 hours after four governors of the All Progressives Congress (APC) and the leadership of the ruling party also met with the president. Buhari, according to Continued on page 12

Constitution Amendment: Horse Trading as Lawmakers Band Along Regional Lines North-central is beautiful bride Damilola Oyedele in Abuja As the Senate commences voting on the bills for the constitutional amendment today, there were indications yesterday that there was intense horse trading among the senators who were split along regional lines over

some of the contentious amendments. Some of the bills that have divided the lawmakers include the Land Use Act, the bill to grant financial and administrative autonomy to the local governments, and Continued on page 48

40 NNPC Contractors, Civilian JTF Feared Dead in Borno... Page 12

UNBENT BY BOKO HARAM, OUR GIRLS GRADUATE FROM SCHOOL... A cross section of some of the 42 escaped Chibok schoolgirls and 34 vulnerable girls who graduated from secondary schools in Plateau and Katsina States through a partnership between the Borno State Government and a non-profit humanitarian organisation, Girl Child Concern, chaired by Dr. Mairo Mandara, at the ceremony to mark their graduation in Abuja… yesterday


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