SUNDAY 24TH OCTOBER 2021

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Army Hits Back at The Economist over ‘Mighty on Paper’ Tag Says report crafted to destabilise Nigeria Restates globally acclaimed status in restoration of democracy in West Africa Denies existence of ghost soldiers on payroll Declare state of emergency on security, Masari tells Buhari Ejiofor Alike inLagos, Kingsley Nwezeh inAbuja,and Francis Sardauna inKatsina The Nigerian Army yesterday

descended heavily on the London-based news magazine, The Economist, over the magazine’s report, which described the army as "mighty

on paper," stressing that the report was crafted to denigrate, demonise and destabilise the Nigerian government. The army, which also denied

the existence of “ghost” soldiers on its payroll, insisted that it has distinguished itself as a worthy contributor to global peace and security

through regional, continental, and international peacekeeping and peace support operations. Notwithstanding the army’s message of reassurance,

a disturbed Governor of Katsina State, Hon. Aminu Bello Masari has called on Continued on page 8

Nobody Can Predict Who will Be Nigeria’s Next President, Says Obaigbena... Page 5 Sunday 24 October, 2021 Vol 26. No 9694

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Otedola, Adenuga, Hassan-Odukales, Otudeko in Battle to Control First Bank Festus Akanbi By his acquisition of 1,818,551,625 units of shares of First Bank Holdings Plc (FBNH), amounting to a 5.07

per cent of its total issued capital, the founder and Chairman of the Geregu Energy Group, Mr. Femi Otedola, has joined the trio of the Chairman of Globacom,

Chief Mike Adenuga; the current Chairman of FBNH, Mr. Tunde Hassan-Odukale, and Oba Otudeko in the race for the control of the holding company, THISDAY has learnt.

FBNH has a total issued share capital of 35,895,292,791. According to market analysis, Otedola, Adenuga, the Hassan-Odukales and Otudeko’s shareholding are

above five per cent and this has placed them in a position to control the organisation. A capital market source disclosed that contrary to the insinuations that Otudeko has

offloaded his shares, he is still a force to reckon with because he is still retaining his shares in First Bank. Continued on page 5

Snubbed by Tinubu in London, Osinbajo Ready for Presidential Fight of His Life Ejiofor Alike Vice President Yemi Osinbajo is set to fight the presidential battle of his life following a clash of his ambition with that of the National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, THISDAY’s investigation has revealed. THISDAY gathered that Osinbajo has been left with no other option than to throw his hat into the ring after he was snubbed in London by the former Governor of Lagos State. Tinubu had earlier this month returned to Nigeria after spending over three months in London on medical vacation. The two-term governor of Lagos State, whose health has been a subject of controversy was reported to have undergone knee surgery in London. No fewer than 30 politicians, including President Muhammadu Continued on page 6

CHANGE OF BATON… L-R: Chief Executive Officer, MultiChoice Nigeria and new Chairman of Broadcasting Organisations of Nigeria (BON), Mr. John Ugbe; Kano State Governor, Dr. Abdullahi Ganduje; and immediate past Chairman of BON, Hajia S'aa Ibrahim, at the swearing in ceremony of the new chairman in Abuja…yesterday

Buhar i U n ve i l s C B N ' s e N a i ra To morrow. . .

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SUNDAY 24TH OCTOBER 2021 by THISDAY Newspapers Ltd - Issuu