Nigeria’s Top 10 Highest-earning CEOs Received N3.5bn in 2019 MTN’s Moolman - N585.94m; Oando’s Tinubu - N568m; Seplat’s Avuru - N440m; GTB’s Agbaje – N399.7m Obinna Chima Chief Executive Officers (CEOs) of top 10 leading private sector organisations in Nigeria received a total of
N3.478 billion ($8.918 million, at the I & E exchange rate of N390/$) as remunerations in 2019, data compiled from a report by Proshare Nigeria Limited, has shown.
The report, titled: “CEO Remuneration: Paying the CEO in a Pandemic, the Unanswered Questions,” which was obtained yesterday, showed that the top-earning
CEOs are from diverse sectors of the economy. It showed that at N585.94 million ($1.502million) per annum, the CEO of MTN Nigeria, Mr. Ferdinand
Moolman, received the highest remuneration in the country in 2019. He was closely followed by the Group CEO of Oando Plc, Mr. Adewale Tinubu, who
earned a total of N568 million ($1.456million) per annum. The outgoing CEO of Seplat Petroleum Development Continued on page 10
FG Approves Seventh Evacuation Flight for Stranded Nigerians in US... Page 8 Friday 31 July, 2020 Vol 25. No 9244. Price: N250
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Multiple Explosions in Maiduguri Leave One Dead, 16 Injured Borno gov blames military saboteurs for convoy attack Army probes incident Kingsley Nwezeh in Abuja and Michael Olugbode in Maiduguri Panic gripped residents of Maiduguri, Borno State capital yesterday as multiple explosions from mortars fired by suspected Boko Haram insurgents hit the troubled town, killing one person and injuring 16 others. The explosions occurred a day after gunmen, believed to be terrorists, attacked the
convoy of Governor Babagana Zulum at Baga. The governor yesterday blamed the attack on military saboteurs, threatening to call the civil populace to take their destiny into their own hands if the soldiers fail to secure the important trading town. Confirming the explosions, the Borno State Commissioner of Police, Mr. Mohammed Aliyu, said one person was Continued on page 10
Buhari Calls for Understanding over COVID-19 Restrictions Gowon, others preach peace Deji Elumoye, Omololu Ogunmade and Udora Orizu in Abuja President Muhammadu Buhari yesterday appealed to Nigerians for their understanding over the restrictions imposed on them to
curb the spread of COVID-19, saying they were not intended by the federal government to inconvenience them. He specifically appealed to Muslims and Christians to remain patient over the Continued on page 32
NEW NBA PRESIDENT... Olumide Akpata, Senior Partner at Templars, elected Nigerian Bar Association (NBA) President...this morning
Story on page 33
Buhari, Lawan, Gbajabiamila, Tinubu, Others Mourn Afenifere Chieftain, Fasanmi... Page 5