NSE Did Not Give MTN Waiver on Free Float, Says Onyema In this particular case, they met the standards Telco beats FG’s deadline, pays N55bn final tranche to complete N330bn fine Obinna Chima and Emma Okonji The Chief Executive Officer of
the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, yesterday clarified that MTN Nigeria Plc did not get any
waiver on free-float ahead of its listing on the NSE. On the same day, the telecoms firm confirmed that
it had paid N55 billion to the federal government, being the last tranche of the N330 billion SIM card infraction
fine imposed on it by the Nigerian Communications Commission (NCC). There had been concerns
over the free float accommodation and some Continued on page 6
Court Dismisses Alleged Age FalsiďŹ cation Suit against Acting CJN, Muhammad‌ Page 6 Saturday 1 June, 2019 Vol 24. No 8818
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Oshiomhole: South-South APC Chairmen Fault Shuaibu, Demand Apology Pass vote of confidence on party’s National Chairman after emergency meeting
Onyebuchi Ezigbo in Abuja Following the recent call by the Deputy National Chairman, North, of the All Progressives Congress
(APC), Senator Lawal Shuaibu and others on the National Chairman of the party, Adams Oshiomhole to resign, the South-south State Chairmen of the party have risen to
his defence, demanding an apology from the deputy chairman. The APC State Chairmen, who held an emergency meeting in Abuja, yesterday,
to consider issues raised by the Deputy National Chairman, said they did not find anything wrong in the stewardship of the party's National Chairman.
The chairmen who signed the resolution were Hon. Ini T. Okopido, Akwa Ibom; Hon. Amos Lalabunafa, Bayelsa; Mr. John Ochalla, Cross River; Prophet Jones Ode Erue, Delta
State; Aslem U. Ojezua, Edo State; and Hon. Ojukaye Flag Amachree, Rivers State. Senator Shuaibu had written Continued on page 6
Oando Kicks as SEC Orders Wale Tinubu, Boyo to Step Aside Slams 5-year ban on CEO, deputy Company's board also fired by regulator, Extra-Ordinary General Meeting summoned to appoint new directors Oando: Alleged infractions, penalties, unsubstantiated, ultra vires, invalid Ndubuisi Francis in Abuja and Goddy Egene in Lagos The Securities and Exchange Commission (SEC) yesterday announced that it had concluded its investigation into the activities of Oando Plc., and found its management
involved in serious infractions such as false disclosures, market abuses, misstatements in financial statements and corporate governance lapses stemming from poor board oversight. Continued on page 6
Residents Groan amid Massive WITH LOVE FROM KOREA‌ Member, National Assembly of the Republic of Korea, Hon. Jayen Baik; Speaker, House of Representatives, Rt. Hon. Yakubu Security Cordon in Abuja‌ Page 54 L-R: Dogara and Deputy Speaker, Korean National Assembly, Mr. Lee Ju-Young, during a courtesy visit to Dogara in Abuja‌yesterday
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