Bankers Seek N2tn Pension Fund to Finance Homes for Contributors Laud reappointment of Emefiele To disburse funds to creative industry
James Emejo in Abuja The Bankers' Committee yesterday canvassed for the release of N2 trillion out of the N9 trillion pension fund assets, for pension contributors
to own houses. The Managing Director of FSDH Merchant Bank, Hamda Ambah, told reporters yesterday that the decision was one of those taken at the committee’s meeting in Abuja.
According to her, the contributors of the fund will use the 25 per cent, amounting to N2 trillion as equity injection, to own houses. She said: "Twenty-five per
cent of N9 trillion is worth over N2 trillion and this fund can be used to stimulate demand for mortgage loans in our economy. "It was agreed that the central bank would talk to
fellow regulators and also work with government of various states to make the whole process of land transfer and titling a lot easier so that many more people across the nation can access mortgage
financing thereby stimulate demand in our economy." The committee also commended the decision of President Muhammadu Buhari Continued on page 8
British Court Hears Suit on Seizure of Nigeria’s $9bn Assets... Page 9 Friday 14 June, 2019 Vol 24. No 8831. Price: N250
www.thisdaylive.com TR
UT H
& RE A S O
N
Court Okays NBC, DAAR Communications’ Out-of-court Settlement... Page 10
APC to Tribunal: Dismiss Atiku’s Petition, He’s Ineligible to Run Insists PDP’s candidate not a Nigerian Panel defers ruling in opposition’s request to inspect INEC server, card reader Alex Enumah in Abuja The All Progressives Congress (APC) yesterday asked the Presidential Election Petition Tribunal sitting in Abuja, to strike out the petition by the Peoples Democratic Party (PDP) and its presidential candidate, Alhaji Atiku Abubakar, against the election of President Muhammadu
Buhari. It said the petition was defective, ab initio, because the former vice-president and PDP candidate “is not a Nigerian by birth.” Atiku and the PDP had in the petition, urged the tribunal to declare him as the lawful winner of the February 23, Continued on page 9
Troops Kill 64 as Bandits, Boko Haram Murder 75
NEMA confirms recovery of 40 bodies in Niger Kingsley Nwezeh in Abuja and Laleye Dipo in Minna Troops of the Multinational Joint Task Force (MNJTF) have killed 64 Boko Haram terrorists and captured eight others after a fierce gun battle in the Lake Chad area. The terrorists, however, killed 18 people, comprising
10 soldiers and eight civilians, according to a statement yesterday by the multinational troops. This came as news broke yesterday that the death toll in the attacks on eight villages in Niger State, which began on Sunday, has risen to 57. Continued on page 8
TOWARDS A BRIGHTER FUTURE... L-R: Director, NASCON Allied Industries Plc, Halima Aliko Dangote; Executive Director, Commercial, Fatima Aliko Dangote; Managing Director, Paul Farrer; and Chairperson, ‘Yemisi Ayeni, at the company’s Annual General Meeting in Lagos… yesterday
Welfare Matters Force Senate to Adjourn Plenary… Page 8