Again, CBN Guarantees Safety, Resilience of Banking Industry James Emejo in Abuja The Central Bank of Nigeria (CBN) yesterday reiterated the resilience, safety, and soundness of Nigerian Deposit Money Banks (DMBs) as well as the other financial institutions under
its supervision. The assurance came against the backdrop of "false and unfounded stories circulating in the social media attacking the soundness and safety of some Nigerian banks". However, the CBN’s acting Director, Corporate
Communications Department, Mr. Osita Nwanisobi, told journalists that the banking system had proven to be sturdy, despite the global challenges posed by the COVID-19 pandemic. He said routine bank examinations and stress
tests for financial institutions operating in the country indicated that no bank licensed by the CBN is currently under any form of financial distress. Nwanisobi, who spoke ahead of the next week’s Monetary Policy Committee (MPC) meeting of the apex
bank, further stressed that the banks had adequate capital to absorb unexpected losses that may arise. He pointed out that the central bank had continued to monitor the activities of banks to ensure that no individual or institution breached the laid
down guidelines in line with the bank’s resolve to ensure adherence to prudential standards. While also calling on the banking public to disregard any report alleging insolvency Continued on page 8
FG Procures 32 Fighter Planes, Combat Helicopters, Drones in Six Years… Page 5 Sunday 25 July, 2021 Vol 26. No 9603
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Buni Faces Fresh Challenges as APC Chairmanship Aspirants Reject Consensus Option Al-Makura, Akume, Abdullahi’s camps want party to conduct election Chuks Okocha in Abuja The Governor Mai Mala Buni-led National Caretaker/ Extraordinary Convention
Planning Committee of the All Progressives Congress (APC) may face fresh challenges following the committee’s recent revelation that the
party would favour consensus option for the election of its officials at all levels to reduce acrimony, THISDAY’s investigation has revealed.
THISDAY gathered that the political camps of the two former Governors of Nasarawa State, Mr. Umaru Tanko Al-Makura; Senator
Abdullahi Adamu, and their counterpart from Benue State, Senator George Akume have insisted that the party should conduct the election for the
emergence of its national chairman. Al-Makura, Adamu, and Continued on page 5
People Working Behind the Scene on Igboho’s Arrest, Sanwo-Olu Reveals Nigeria hasn’t requested for activist’s extradition, says Beninoise lawyer Faults claim of agitator’s arrest with Beninoise passport Gboyega Akinsanmi and Segun James Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday disclosed that contrary to the impression that the South-west governors were silent on the arrest and detention of the Yoruba Nation’s activist, Chief Sunday Adeyemo (a.k.a Sunday Igboho) by the authorities of the Republic of Benin, ‘people’ were working silently on the travails of the self-determination agitator. Also, contrary to reports
that the federal government was seeking the extradition of Igboho to Nigeria, one of his Beninoise lawyers, Prof. Ibrahim Salami, yesterday revealed that the Nigerian government has not requested his extradition from the Francophone country. The professor of law at a university in the Republic of Benin also faulted claims that security operatives arrested Igboho alongside his wife, Ropo at the Cardinal Bernardin Continued on page 6
Nigeria Records 3,868 Killings, 3,016 Abductions in Six Months...Page 8
STILL IN SALLAH MOOD... Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Muhammad Sanusi Barkindo (left); and former Vice President Atiku Abubakar, during Barkindo’s courtesy visit to the former Vice President at his residence in Yola, Adamawa State…weekend