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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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