FRIDAY 7TH SEPTEMBER 2018

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CBN Debits Four Banks over N5.87 Billion Fines MTN faces Moody's downgrade

Obinna Chima in Lagos and James Emejo in Abuja Following a fine of N5.87 billion the Central Bank of Nigeria (CBN) recently imposed on Stanbic IBTC, Standard Chartered Bank Nigeria, Citibank and Diamond

Bank, the banking sector regulator has finally debited the accounts of the respective banks. While Stanbic IBTC yesterday disclosed in a

statement to the Nigerian Stock Exchange (NSE) that the central bank has debited its account, a CBN source told THISDAY that the amount has been deducted from the

affected banks’ respective accounts at the CBN. The CBN last week 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.

FG Rakes N3.5tn Taxes in Eight Months... Page 10

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. Continued on page 12

Friday 7 September, 2018 Vol 23. No 8542. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 25°C-33°C

MAIDUGURI 31°C-31°C

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& RE A S O

ENUGU 25°C-28°C

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KANO 27°C-33°C

LAGOS 24C-27°C

PORT HARCOURT 20°C-30°C

Afenifere, Others Ask Buhari to Reject Nomination Forms from Shadowy Group Presidency silent PDP calls for sanction There is no legal infraction, says APC Omololu Ogunmade, Onyebuchi Ezigbo, Adedayo Akinwale in Abuja and Segun James in Lagos Civil society groups and opposition parties were united yesterday in asking President Muhammadu Buhari to reject the N45.5million All Progressives Congress (APC) presidential nomination forms bought for him by a shadowy group, Nigeria Consolidation

Ambassadors Network (NCAN), on Wednesday. The groups, including Centre for Transparency Advocacy, Pan Niger Delta Forum (PANDEF) and Afenifere as well as the Peoples Democratic Party (PDP) and African Democratic Congress (ADC), said the NCAN gesture was a violation of S91(9) of Electoral Act 2010 Continued on page 10

Police Dismiss Three Officers over Raid on Clark’s House Alex Enumah in Abuja

The Nigerian Police has dismissed three of its men for their role in the illegal search of the Abuja residence of elder statesman, Chief Edwin Clark. The fourth and leader of the team, ASP David Dominic, has been queried and is still under investigation for alleged professional misconduct and infringement of the fundamental rights of the

elder statesman, an offence the force said could eventually lead to his sack. Their dismissal was made public yesterday in a statement by Force Public Relations Officer, Jimoh Moshood. According to the statement, "The Inspector General of Police has approved the dismissal from the service of the Nigeria Police Force, Continued on page 12

Stampede As Atiku Submits Forms... Page 12

EMPOWERING TRADERS... Vice President Yemi Osinbajo (left) with a trader, during the launch of the Government Enterprise and Empowerment Programme (GEEP), Trader Moni, held at the Utako Ultra Moden Market, Abuja…yesterday


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