THURSDAY 17TH SEPTEMBER 2020

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CBN Goes Tough, Probes Gaming Companies’ Alleged FX Infraction Approves special account for payments, operation expenses of affected companies Obinna Chima Following its earlier decision to place the accounts of some gaming companies under postno-debit (PND), the Central Bank of Nigeria (CBN) has

extended the probe into the allegation of unauthorised foreign exchange (FX) transfer against the companies and directed all banks to submit to it the domiciliary account statements of some individuals

and organisations. They included a member of the House of Representatives representing Ona-Ara/Egbeda Federal Constituency, who is the founder of Nairabet, Mr. Akinola Alabi; the Founder

of Premier Lotto (Baba Ijebu), Chief Kesington Adebutu, four other members of the Adebutu family and 11 other bank customers. The CBN gave the directive in a letter addressed to all

banks dated September 15, 2020, signed on behalf of its Director, Banking Supervision, Mr. Z. Markus, a copy of which was obtained yesterday. THISDAY had last week reported that the central bank

froze the bank accounts of 38 firms, the gaming companies inclusive. The other members of the Adebutu family listed included Continued on page 9

NNPC Saves $5.4bn in Court Cases, Wins Africa Arbitration Award... Page 6 Thursday 17 September, 2020 Vol 25. No 9292. Price: N250

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Buhari: We’ll Work Towards Greater Inclusiveness, Participation of Nigerians Says Nigeria most prosperous black nation Omololu Ogunmade in Abuja In a veiled response to the allegation by former President Olusegun Obasanjo; Nobel laureate, Prof. Wole Soyinka,

and other notable Nigerians that President Muhammadu Buhari, has mismanaged the country’s diversity, the president yesterday promised to work towards greater

inclusiveness and participation of all Nigerians in the affairs of the country. Speaking when he unveiled Nigeria's 60th independence anniversary celebration logo

Unveils ‘Nigeria at 60 logo’ in the Council Chambers of the Presidential Villa, Abuja, Buhari argued that Nigeria is the most prosperous black nation. The president, who

unveiled the logo before the commencement of the virtual Federal Executive Council (FEC) meeting, said the unveiling ceremony marked the formal launch of a series of

activities commemorating the diamond jubilee of Nigeria's independence. He disclosed that Nigerians Continued on page 8

Ize-Iyamu: My SIMPLE Agenda will Transform Edo Promises to diversify economy Obaseki fails to show up at conversation despite written invitation, due processes Emma Okonji, Eromosele Abiodun, Nosa Alekhuogie, Sunday Ehigiator in Lagos, Adedayo Akinwale, Udora Orizu in Abuja and Adibe Emenyonu in Benin The candidate of the All Progressives Congress (APC) in the forthcoming gubernatorial election in Edo State, Pastor Osagie Ize-Iyamu, yesterday disclosed that his plans for Edo State as encapsulated in his SIMPLE Agenda will transform all sectors of the state’s economy with a

focus on security, health, infrastructure and job creation. Ize-Iyamu, who is the main challenger to the governor of Edo State and candidate of the Peoples Democratic Party (PDP), Mr. Godwin Obaseki, stated this when he appeared on a special edition of The Morning Show, a breakfast programme on ARISE NEWS Channel, the broadcast arm of THISDAY Newspapers. The special programme, which was designed as a Continued on page 8

NLC Issues 12-day Ultimatum over Petrol Price, Electricity Tariffs Rise... Pg 5

SIXTY HEARTY CHEERS… L-R: Vice President Yemi Osinbajo; Secretary to the Government of the Federation, Mr. Boss Mustapha; and President Muhammadu Buhari during the unveiling of 'Nigeria at 60 logo' in Abuja…yesterday


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