TUESDAY 22TH MARCH 2022

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Emefiele: Unprecedented Oil Theft Affecting Economy CBN leaves MMR unchanged at 11.5%, predicts moderation in food prices Urges NNPC to ensure adequate fuel supply to check price arbitrage by marketers Says Infraco up and running, secures N250bn in bridge finance James Emejo in Abuja Governor of the Central Bank of Nigeria (CBN), Mr. Godwin

Emefiele, yesterday lamented the unprecedented rate of oil theft recorded in recent times and its debilitating effect on govern-

ment revenue and accretion to reserves. Emefiele said this while briefing journalists at the end of the Monetary Policy Committee

(MPC) meeting in Abuja. After MPC meeting, the second in 2022, the CBN resolved to retain the Monetary Policy Rate (MPR),

otherwise known as the interest rate, at 11.5 per cent with the asymmetric corridor of +100/-700 basis points around the MPR.

But Emefiele urged the Nigerian National Petroleum Company Continued on page 40

NDPHC to Restore 800mw to Power Grid to Boost Supply… Page 6 Tuesday 22 March, 2022 Vol 27. No 9842. Price: N250

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Saraki: Ministers of States Positions Will Be Occupied by Youths Under 40 in My Presidency...Page33

Defection: Again, Court Sacks Two Reps, 18 Cross River Assembly Members Imoke hails judgement State govt appeals, files stay of execution Chuks Okocha and Alex Enumah in Abuja Barely two weeks after a Federal High Court in Abuja sacked the

governor of Ebonyi State, Dave Umahi, his deputy and 15 members of the House of Assembly, another court has ordered the immediate removal of two House of Represen-

tatives members and 18 legislators of the Cross River State House of Assembly. Justice Taiwo Taiwo of the Abuja Division of the Federal High Court

yesterday ordered their removal from office on account of their defection from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).

Taiwo, in his judgement, held that the affected federal and state legislators could not continue to occupy office having dumped the party that brought them into office.

The two House of Representatives members to vacate their office were, Micheal Etaba and Continued on page 40

Four Days to APC Convention, Buni Harmonises Sub-committees, Screening Starts Today Party inaugurates media committee Sule: APC govs have resolved their differences Uzodinma confident March 26 is sacrosanct Senate has no consensus candidate, says spokesperson How Buni saved Akpanudoedehe after caretaker members threatened to stage walkout Deji Elumoye, Adedayo Akinwale, Sunday Aborisade in Abuja and Igbawase Ukumba in Lafia Four days to the national convention of the All Progressives Congress (APC), slated for this weekend, March 26, Chairman of the Caretaker/Extraordinary

Convention Planning Committee (CECPC) and Yobe State Governor, Mai Mala Buni, yesterday, stormed the national secretariat of the party, where it harmonised the sub-committees and immediately after, inaugurated the media Continued on page 40

ON THE STATE OF THE ECONOMY... President Muhammadu Buhari (left) after receiving briefing on the state of the economy from his Chief Economic Adviser, Prof. PHOTO: SUNDAY AGHAEZE Doyin Salami, at the State House, Abuja...recently

EFCC Recovers N152bn, $386m, Records 2,220 Convictions in One Year... Page42


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TUESDAY 22TH MARCH 2022 by THISDAY Newspapers Ltd - Issuu