SUNDAY 26TH MAY 2019

Page 1

MTN Confirms EFCC Probe, Denies Shares Manipulation Share price drops

Emma Okonji MTN Nigeria Communications Plc has confirmed the visit of the Economic and Financial Crimes Commission (EFCC) to its Falomo office in Ikoyi,

Lagos, to probe an alleged shares manipulation scandal rocking the telecoms company since the recent listing of its shares on the Nigerian Stock Exchange (NSE). The development may have

contributed to the depreciation in the share price of MTN Nigeria for the first time since it was listed on the Nigerian bourse. Precisely, after appreciating by 65 per cent (N59) in just one

week, from the N90 per share it was listed on the NSE, to N149 per share last Thursday, MTN Nigeria’s share price suffered its first decline last Friday as it closed at N140 per share.

THISDAY had reported that SEC recently launched a probe into the process that led to the listing of MTN Nigeria on the NSE, even though the exchange had defended the telco.

But in a statement signed its company Secretary, Uto Ukpanah, which was obtained yesterday, MTN said it was never accused of any

wrongdoing by the EFCC.

Buhari, Jonathan Greet Clark at 92 …

Continued on page 8

Page 10

Sunday 26 May, 2019 Vol 24. No 8812

www.thisdaylive.com TR

UT H

& RE A S O

N

N400

FG's Social Investment Programme Made No Impact, Says President's Wife… Page 10

INEC Declares PDP Candidates Winners in Zamfara Elections Issues Certificates of Return Monday PDP, Obi say victory is a challenge to uplift state Yari: We accept decision, Allah wanted it the way it happened

Onyebuchi Ezigbo and Adedayo Akinwale in Abuja The Independent National Electoral Commission (INEC), yesterday, complied with the judgement of the Supreme Court and declared all the candidates of the Peoples

Democratic Party (PDP) in Zamfara State as winners of the 2019 general election held in the state. This followed an emergency meeting occasioned by the apex court’s judgement. This is as the leadership of Continued on page 8

Wike: APC, Some PDP Govs Conspired to Take over Rivers Says God rescued Rivers from internal, external conspiracy Ernest Chinwo in Port Harcourt and Adedayo Akinwale in Abuja Rivers State Governor, Mr. Nyesom Wike yesterday alleged that the All Progressives Congress and some governors of Peoples

Democratic Party (PDP) joined forces to take over the state. However, the governor said his re-election was as a result of God's miraculous intervention in the face of internal and external conspiracy Continued on page 8

Air Strikes Decimate Terrorists FOR A VIABLE JUDICIARY… Ondo State Governor, Rotimi Akeredolu; President Muhammadu Buhari; Ogun State Governor, Ibikunle Amosun and in Tumbun Hamma in Borno… Page 12 L-R: Lagos State Governor, Akinwunmi Ambode, during the president's inauguration of Ogun State Judicial Complex… yesterday


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.