Emefiele: CBN’s Independence Intact, Primacy of Mandate Unbroken Says apex bank is an entity within the larger entity called Nigeria Obinna Chima Central Bank of Nigeria’s Governor, Mr. Godwin Emefiele, yesterday explained that the cordial relationship between the central bank
and fiscal authorities has not in any way weakened the independence of the Bank. Emefiele, who said this in an interview monitored on AriseTV, also allayed concerns of inflationary pressure, with
the recent uptick in the consumer price index (CPI), which rose to 11.6 per cent in October. In addition, the Governor reiterated his support for the decision of the federal
government to close all the country’s land borders, saying it would help in stimulating domestic production. Responding to a question on the independence of the central bank, Emefiele said:
“Let me assure everyone that the independence of the CBN as enshrined in the CBN Act of 2007 (as amended), is intact. At the same time, we have a responsibility as a monetary policy arm of government to
support economic growth and development.” He added: “The central bank is an entity within the larger entity called Nigeria. So, when Continued on page 5
Appeal Court Affirms Elections of Ganduje, Tambuwal, Lalong… Page 14 Saturday 23 November, 2019 Vol 24. No 8993
www.thisdaylive.com TR
UT H
& RE A S O
N250
N
Air Peace Founder Indicted for Money Laundering in US Bennett Oghifo and Chinedu Eze
MOVING APC FORWARD... L–R: Vice President Yemi Osinbajo, President Muhammadu Buhari and the National Chairman of the All Progressives Congress (APC), Comrade Adams Oshiomhole, at the party’s National Executive Council meeting in Abuja …yesterday godwin omoigui
The Chairman, CEO, and founder of Air Peace, Allen Onyema, has been charged with bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme allegedly involving false documents based on the purchase of airplanes. According to a press statement yesterday by the US Department of Justice, Attorney’s Office, Northern District of Georgia, the Air Peace’s Chief of Administration and Finance, Ejiroghene Eghagha, was also charged with bank fraud and committing aggravated identity theft in connection with the scheme. When contacted last night, Onyema said all the allegations raised against him by the US authorities were false. Continued on page 55
“Besides the age, I swear by the Holy Book I believe in, that I will go by the constitution and the constitution says two terms’’ – Buhari Adedayo Akinwale ín Abuja and Seriki Adenoyi in Jos President Muhammadu Buhari yesterday said he would not make the mistake of attempting a third term in office. The President, who spoke at
the National Executive Council meeting of his party, the All Progressives Congress, held at its secretariat in Abuja, said apart from age, he was limited by the two terms stated in the Nigerian Constitution. The President also swore by the Holy Book that he would
leave at the expiration of his tenure in 2023. Buhari said: “I said you should read the Constitution because I am not going to make mistake or attempt third term or whatever term. Besides the age, I swear by the Holy Book I believe in, that I will
go by the Constitution and the Constitution says two terms. "I know I am in my last term and I can’t afford to be reckless because I'm not going to ask for anybody's vote. For that reason, I want you to read the Constitution and make sure that when the
Constitution says the election, as we did it the last time, from bottom to top will start in 18 months’ time or 20 months’ time, it is going to be done." The President therefore called on the party members not to take Nigerians for granted, saying: "They know
what they are doing. I don't think we have the money to give them so that we will buy their votes, or we threaten them by using the police and other law enforcement agencies to make sure that the ruling Continued on page 5
EFCC to Arraign Mompha, Others over Alleged N33bn Fraud… Page 15