SUNDAY 2ND SEPTEMBER 2018

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After May, Merkel, Presidency Claims Leaders Queuing to Meet Buhari Nigeria, China to sign $328m ICT agreement Omololu Ogunmade in Abuja The Presidency yesterday in Beijing, China, boasted that world leaders were now queuing to meet President

Muhammadu Buhari, an experience, it said, showed there was something unusual about him. This is coming on the heels of visits to Abuja by British Prime Minister, Theresa

May, and German Chancellor, Angela Merkel. Answering questions from journalists in Beijing over the accusation by United States President Donald Trump

that Buhari was lifeless, Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said the presidency had resolved not to react to the allegation.

Shehu said besides the president being an uncommon leader, there was also something special about Nigeria, arguing that the current trend is a departure from the past when

world leaders avoided Nigerian leaders. He said the change came about in the last three years and challenged Nigerians Continued on page 8

Boko Haram Kills 40 Soldiers in Two Weeks, 10 Others Still Missing… Page 8 Sunday 2 September, 2018 Vol 23. No 8537

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We’ll Reclaim Kwara from Saraki, Vows Oshiomhole Saraki: you're day-dreaming, you will struggle to keep Edo APC aspirants protest high cost of nomination forms, threaten defection

Onyebuchi Ezigbo in Abuja

The national chairman of the All Progressives Congress (APC), Adams Oshiomhole,

has vowed that the party will reclaim Kwara State from the grip of Senate President Bukola Saraki at the forthcoming general election. Oshiomhole

said this in Abuja during a meeting with APC stakeholders from Kwara State led by the Minister of Information and Culture, Alhaji Lai Mohammed.

He directed leaders of the party to ensure the conclusion of the election of executives from the ward to the state levels this weekend.

Oshiomhole said his earlier position that Saraki planned to destroy APC because of his inordinate ambition was vindicated by the senate

president’s recent declaration of his presidential ambition on the platform of the Peoples Continued on page 8

MTN Faces More Questions over $8.134 Billion Remittances Obinna Chima

As the fines imposed on four banks by the Central Bank of Nigeria (CBN) and its directive to MTN Nigeria to refund a total of $8.134 billion over illegal capital repatriation continue to generate concerns, the Central Bank is being advised to properly investigate MTN payments and to look deeper into the telecoms company operations. A former Senior Executive at MTN Nigeria, who spoke with THISDAY on condition of anonymity, because of the non-disclosure and non- compete clauses of his termination benefits, claims "there was a lot more with the payments than the MTN and banks want us to believe calling for a forensic audit" that would uncover much more. He also chided the financial institutions involved in the matter over what he described as their failure to adhere to the Know-Your-Customers (KYC) policy of the apex bank. The CBN had last Wednesday

slammed a fine of N5.87 billion on four banks over the violation of extant laws and regulations of the Federal Republic of Nigeria, including the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995, and the Foreign Exchange Manual, 2006. The highest fine of N2,470,604,767.13 was slammed on Standard Chartered Bank, while Stanbic IBTC Nigeria was fined N1,885,852,847.45. For the alleged infraction, Citibank got N1,265,541,562.31 fine, just as Diamond Bank was directed to pay N250 million penalty. Also affected was MTN Nigeria, which the CBN directed to immediately refund $8,134,312,397.63, which was illegally repatriated by the telecoms company, to the coffers of the bank. MTN Nigeria has since denied any wrongdoing. Stanbic IBTC Bank on Friday officially responded to the allegation, saying amongst others that Stanbic was not aware “at Continued on page 8

MULTI-CHOICE SHINES AGAIN WITH AMVCA 2018... Nollywood Actress, Omotola Jalade Ekeinde clinched her first award in the Best Actress in a Lead Role in movie category at the Africa Magic Viewers' Choice Awards, AMVCA, 2018 which held at Eko Hotel ...yesterday

Tonye Cole Steps Down from Sahara Group Board, Goes into Active Politics… Page 26


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