NNPC to Borrow $3.8bn to Acquire Dangote Refinery Shares 1
WEDNESDAY JUNE 30, 2021
T H I S D AY
Says no petrol price increase in next two months
Emmanuel Addeh in Abuja
The Nigerian National Petroleum Corporation (NNPC) is planning to borrow $3.8 billion to
actualise its agenda of acquiring a 20 per cent VWDNH LQ 'DQJRWH 5HÀQHU\ NNPC Group Managing Director, Mallam Mele Kyari, said yesterday
that the money would be ERUURZHG IURP ÀQDQFLDO institutions. +H VDLG VRPH ÀQDQFLDO institutions had already agreed to fund the
acquisition, while the debts would be paid back from the NNPC’s earnings from dividends DQG SURÀWV DFFUXLQJ IURP its investment in the fuel
plant. The 650,000 barrels per GD\ UHÀQHU\ ORFDWHG LQ Lagos State, which Kyari said had been tentatively valued at about $19 billion,
is expected to come on stream in 2022 and will produce 50 million litres of petrol per day. Continued on page 10
Again, FG Shifts Deadline for NIN Verification to July 26...
page 5
Wednesday 30 June, 2021 Vol 26. No 9578. Price: N250
www.thisdaylive.com
TODAY'S WEATHER
TR
ABUJA 25°C-33°C
MAIDUGURI 31°C-31°C
UT H
& RE A S O
ENUGU 25°C-28°C
N
KANO 27°C-33°C
LAGOS 24C-27°C
PORT HARCOURT 20°C-30°C
Nnamdi Kanu Now Dot in a Circle,
Arrested in Addis Ababa, Remanded 7HOOV FRXUW ZK\ KH ÁHG Alex Enumah in Abuja
About three years after jumping bail, the leader of the outlawed Indigenous People of Biafra (IPOB), Mr. Nnamdi Kanu, was yesterday re-arraigned before Justice Binta Nyako of the Federal High Court, Abuja, for the continuation of his trial for treasonable felony. Reliable security sources told THISDAY yesterday
that Kanu was rearrested in Addis Ababa, Ethiopia by Interpol following an intensive search for him by the Nigerian intelligence community in collaboration with their foreign counterparts. According to the sources, when, following the storming of his parent’s compound in Afaraukwu, Abia State, by a detachment
of soldiers on 14th September 2017, Kanu ‘disappeared’ virtually into thin air, the federal
government felt concerned. Since both, his Nigerian and British passports were still in the custody of the Federal
High Court in Abuja, there were strong suspicions that Kanu got the support of the United Kingdom High
Commission in Nigeria for his escape. That was later proved to be the case. A security source, who
Continued on page 8
APC’s Good Performance Made Matawalle Defect, Says Buhari
Deputy gov: PDP can still retrieve our manGDWH Deji Elumoye and Chuks Okocha in Abuja
President Muhammadu Buhari has explained that the impressive performance of the ruling All Progressives Congress (APC) at all levels of government was responsible for the defection
of Zamfara State Governor, Hon. Bello Matawalle from the opposition Peoples Democratic Party (PDP) to the ruling APC. Matawalle yesterday formally announced his defection to the APC. Continued on page 8
ON THE FOOD QUESTION… UN D S G M A M ft V P Y O SAN UN F S S A …
Senate Receives PIB Report, Begins Consideration Tomorrow...
page 45