MONDAY 19TH OCTOBER 2020

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S’Court to Hear Petro Union, CBN Case Tomorrow Directors face criminal charges Wednesday Mohammed Aminu In a matter that has been likened to the infamous Process & Industrial Development Limited (P&ID) scam, the Supreme Court is set to hear a

case involving the apex bank, Central Bank of Nigeria (CBN) and Union Bank of Nigeria (UBN) against Petro Union Oil and Gas Company Limited (Petro Union), over an alleged £2.556 billion attempted fraud.

Incidentally, the directors of Petro Union will also on Wednesday face criminal charges at the Federal High Court in Lagos on the same matter, which has been established by the EFCC as

an attempt to defraud CBN, UBN and indeed, the Federal Republic of Nigeria. The case has garnered public attention especially because the alleged attempt by Petro Union, to swindle the CBN

and UBN of £2.556 billion is strikingly similar to the P&ID directors’ efforts to defraud Nigeria of $10 billion. The Supreme Court case is coming shortly after Nigerians eulogised a United Kingdom

(UK) court for delivering an impartial judgment in Nigeria’s favour in the highly publicised P&ID $10 billion arbitration claim. Continued on page 9

OPS Fears Prolonged Protests May Adversely Impact Economy...Page 8 Monday 19 October, 2020 Vol 25. No 9324. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 25°C-33°C

MAIDUGURI 31°C-31°C

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& RE A S O

ENUGU 25°C-28°C

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KANO 27°C-33°C

LAGOS 24C-27°C

PORT HARCOURT 20°C-30°C

Showdown Looms as Protesters Plan Lockdown of Abuja, Lagos Today Protests hijacked to destabilise FG, says Mohammed Lawan, Gbajabiamila meet Buhari, ask demonstrators for more time Defence minister cautions against undermining national security NGF: Govs concerned about rising anger Kingsley Nwezeh, Olawale Ajimotokan, Adedayo Akinwale in Abuja and James Sowole in Akure A showdown between security forces and #EndSARS activists may be in the offing as the protesters yesterday unfolded plans to scale up the campaign to force the federal government

to meet their demands to stop alleged police brutality, among others, by blocking critical road arteries in the Federal Capital Territory (FCT) and Lagos, the country’s economic nerve centre. The protesters, in a tweet, said today, they would Continued on page 10

Anxiety Mounts as INEC Chairman’s Tenure Expires Nov 9 Onochie’s nomination breaches constitution, zoning arrangement Chuks Okocha in Abuja Who becomes the next chairman of the Independent National Electoral Commission (INEC) as the tenure of the incumbent, Prof. Mahmood

Yakubu, expires on November 9? This is one of the raging questions being asked by analysts and INEC officials Continued on page 9

PUTTING HEADS TOGETHER... L-R: President of the Senate, Dr. Ahmad Lawan; President Muhammadu Buhari; and Speaker, House of Representatives, Hon. Femi Gbajabiamila, during a meeting on the ongoing protests across the country in Abuja…yesterday

IG Lists SWAT Operatives' qualifications as Training Begins Today... Page 5


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