FRIDAY 4TH DECEMBER 2020

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Excitement as New Diaspora Remittances Policy takes Effect Today Annual inflows put at $24bn CBN, NSIA, AFC to float N15tn infrastructure fund Ndubuisi Francis and James Emejo in Abuja There is palpable excitement among Forex users as the Central Bank of Nigeria’s (CBN) new policy that allows

unhindered access to Diaspora remittances takes effect today. The CBN Governor, Mr. Godwin Emefiele, spoke yesterday at a press conference in Abuja and said the policy released last Monday would

take effect today. He said following the announcement of the new policy measures, the apex bank, in an effort to enable smooth implementation had engaged with the commercial

banks and the International Money Transfer Operators (IMTOs) to ensure that recipients of remittance inflows are able to receive their funds in the designated foreign currency of their choice.

He stated that as a result of the CBN's engagements with major IMTOs and the DMBs yesterday, the stakeholders had committed that they would deploy all the necessary tools to "ensure that these measures

become effective from Friday, December 4, 2020." Emefiele told journalists in Abuja that the new policy would help in providing a Continued on page 9

$21bn Legally Withdrawn from NLNG Dividends Account, Says Kyari... Page 8 Friday 4 December, 2020 Vol 25. No 9370. Price: N250

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FG Dismisses Calls for Buhari’s Resignation as Cheap Politicking Insists president will serve out tenure

Peter Uzoho

The Minister of Information and Culture, Alhaji Lai Mohammed, has described calls on President

Muhammadu Buhari to resign every time there is a setback in the war against terror as a needless distraction and cheap politicking. Mohammed also dismissed

claims that Boko Haram fighters are collecting taxes from the people, adding that the occupation of territories by the insurgents is now “a thing of the past.”

The minister, at a meeting yesterday with the Newspapers’ Proprietors Association of Nigeria (NPAN) in Lagos, urged Nigerians to stop playing politics with

security. The meeting, which was convened at the instance of the minister, was held at NPAN new secretariat. The minister told NPAN

members that the federal government has been meeting with different stakeholders nationwide in the wake of Continued on page 9

Presidency Expresses Shock as Police Move to Stop Judicial Inquiries Court asked to arrest commissions' proceedings IG denies authorising suit, queries force legal officer Omololu Ogunmade, Kingsley Nwezeh, and Alex Enumah in Abuja The presidency yesterday expressed shock as the Nigeria Police Force (NPF) launched a legal bid to arrest the ongoing proceedings by judicial panels set up by state governments to investigate allegations of brutality against the law enforcement agency’s personnel, which triggered the #EndSARS protests that later snowballed into an orgy of violence in October. A top presidency official, responding to THISDAY inquiry on whether or not the police suit has the consent of the Buhari administration, said they were surprised when the news broke yesterday. Earlier, the police had filed a suit at the Federal High Court in Abuja, praying for an order Continued on page 9

MINISTERING TO MEDIA GURUS... L-R: President, Newspaper Proprietors’ Association of Nigeria, Prince Nduka Obaigbena; Minister of Information and Culture, Mr. Lai Mohammed; Life Patron, NPAN, Chief Olusegun Osoba; and Patron, Mr. Sam Amuka-Pemu, during the minister’s meeting with newspapers’ publishers in Lagos...yesterday


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