FRIDAY 17TH JULY 2020

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Made-in-Nigeria Gold Arrives, to Boost Foreign Reserves FG mulls reserving marginal oilfields for oil-bearing communities Eromosele Abiodun, Nume Ekeghe in Lagos, Emmanuel Addeh in Abuja and Sylvester Idowu in Warri President Muhammadu Buhari’s efforts to diversify the

country’s economy hit another milestone yesterday in Abuja as the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, presented him with a made-in- Nigeria gold bar, signifying the beginning of

Nigeria’s move to use the precious stone to boost its foreign reserves. The 12.5kg gold bar, which was processed and refined in Nigeria in accordance with the London Bullion Market

Association (LBMA) standards to be used as a reserve instrument by the CBN was purchased by the apex bank for N268,608,236.00. The cheque for the sum was presented to the Presidential

Artisanal Gold Mining Development Initiative (PAGMDI) by Emefiele during the presidential launch of the gold purchase programme at the Presidential Villa, Abuja. The event, an outcome of

the PAGMDI, a comprehensive artisanal and small-scale gold mining development programme, launched by the president in 2019, marked the Continued on page 10

WTO: FG Inaugurates Campaign Team for Okonjo-Iweala... Page 5 Friday 17 July, 2020 Vol 25. No 9230. Price: N250

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Drama as Wike Foils Police Attempt to Arrest Nunieh Omololu Ogunmade, Chuks Okocha, in Abuja, Eromosele Abiodun, Nume Ekeghe in Lagos and Ernest Chinwo in Port Harcourt There was a mild drama at

the Port Harcourt, Rivers State, residence of a former interim Managing Director of the Niger Delta Development Commission (NDDC), Ms. Joy Nunieh, as the state Governor, Mr. Nyesom Wike, foiled a

bid by the police to arrest her. A contingent of policemen said to have been deployed in the state from the Force Headquarters, Abuja, had in the wee hours of yesterday invaded Nunieh's house to

arrest her. The invasion elicited outrage from Wike; a former Minister of Aviation, Chief Femi Fani-Kayode, and a lawyer and human rights activist, Ms. Esther Uzoma, who

condemned the invasion, with the governor calling on the Inspector-General of Police, Mr. Mohammed Adamu, to probe what he described as an abduction. The armed policemen

besieged her residence on a day she was billed to travel to Abuja to testify before an ad-hoc committee of the House of Representatives investigating Continued on page 9

Buhari Orders Security Agencies to Unearth Root of Corruption in NDDC House committee directs arrest of interim managing director as delegation walks out on lawmakers South-south govs deplore commission’s crisis, back audit Omololu Ogunmade, Udora Orizu in Abuja and OmonJulius Onabu in Asaba President Muhammadu Buhari yesterday moved to end the recriminations over alleged corruption in the Niger Delta Development Commission (NDDC) and vowed to get to the root of the matter. The president ordered an effective and coordinated probe by security and investigating agencies along with the National Assembly on allegations and counter allegations of corruption rocking the NDDC. The House of Representatives Committee on NDDC also yesterday resolved to issue a warrant for the arrest of the acting Managing Director of the Interim

Management Committee (IMC) of the commission, Prof. Kemebradikumo Pondei, after he and his team walked out on the lawmakers. In a related development, the South-south Governors’ Forum yesterday backed forensic audit of the commission and also decried the ongoing crisis in the agency. The president said in Abuja that the coordinated probe had become imperative in view of the federal government's efforts to bring sanity, transparency and accountability to the management of huge resources being allocated to develop the Niger Delta. The Minister of Niger Delta, Senator Godswill Akpabio, and former acting Managing Continued on page 9

How Magu Regained His Freedom, Says Counsel... Page 5

BOOST FOR FOREIGN RESERVES... L-R: Chief of Staff to the President, Prof. Ibrahim Gambari; President Muhammadu Buhari; and Central Bank of Nigeria Governor, Mr. Godwin Emefiele, during the presentation of 12.5kg Made-in-Nigeria Gold bar to the president in Abuja…yesterday


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FRIDAY 17TH JULY 2020 by THISDAY Newspapers Ltd - Issuu