WEDNESDAY 28TH OCTOBER 2020

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Emefiele: Banks Disbursed N2.32tn Loans with Moveable Collaterals CJN seeks speedy dispensation of justice in commercial transactions

Alex Enumah, James Emejo and Folalumi Alaran in Abuja The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said the banking sector gave

credit facilities amounting to N1.80 trillion, $1.36 (N515.7 billion) and €10.92 million (N5.394 billion ), totalling N2.32 trillion to 273,435 large companies, individuals and Micro, Small and Medium

Enterprises (MSMEs) registered under the National Collateral Registry (NCR). He said the figures, which were generated from a total of 113,153 financing statements registered on the registry in

respect of movable assets offered as collateral, comprised 262,904 individuals; 1,421 large firms; 4,260 medium firms; 1,433 micro-businesses and 3,417 small businesses. The NCR came into effect

in May 2016. Emefiele spoke in Abuja at a virtual workshop on "Secured Transactions in Movable Asset and Credit Reporting Reforms in Nigeria," organised for judicial officers.

The Chief Justice of Nigeria (CJN), Justice Ibrahim Muhammad, at the occasion, promised that the judiciary will ensure speedy dispensation Continued on page 9

The Economist Endorses Okonjo-Iweala to Lead WTO... Page 8 Wednesday 28 October, 2020 Vol 25. No 9333. Price: N250

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FG Insists on Regulating Social Media Udora Orizu in Abuja

IN SOLIDARITY... L-R: President of Independent Broadcasting Association of Nigeria (IBAN), Mr Guy Murray-Bruce; Publisher, Guardian Newspaper, Mrs. Maiden Ibru; Chairman & Editor-in-Chief, THISDAY & Arise TV, Prince Nduka Obaigbena; Publisher, Vanguard Newspaper, Mr. Sam Amuka-Pemu; Publisher, Source, Ms. Comfort Obi; Provost, Nigerian Institute of Journalism, Mr. Gbenga Adefaye; and President, Nigeria Union of Journalists, Mr. Chris Isiguzo, during a solidarity visit to The Nation Newspaper, in Lagos…yesterday abiodun ajala

Despite public outcry, the federal government yesterday launched a fresh campaign to regulate social media, especially in the wake of the #EndSARS protests that were largely driven by digital campaigns. Leading the charge is Minister of Information and Culture, Mr. Lai Mohammed, who said yesterday that the federal government feels compelled to regulate social media to curb the spread of what he calls fake news. The minister spoke in Abuja while responding to questions Continued on page 9

Despite Sanwo-Olu’s Denial, Army Insists Lagos Govt Requested Troops Deployment Deniesshootingcivilians Govneverdeniedinvitingsoldiers,claimsaide Policecommand count losses, say six personnel killed, 38 injured, 71 force vehicles, 62 exhibits destroyed 520 suspects arrested for arson, rioting South-west senators to lobby FG to compensate Lagos Chiemelie Ezeobi A week after it triggered a global outrage over its alleged shooting of #EndSARS protesters in Lagos, the

Nigerian Army yesterday broke its silence on the incident, denying that it fired at the marchers. It also disputed the claim by Lagos State Governor, Mr.

Babajide Sanwo-Olu, that he knew nothing about troop deployment in Lekki Tollgate where soldiers were accused of shooting protesters for allegedly flouting the curfew

imposed on the state to curb the social unrest unleashed by hoodlums who had seized the #EndSARS protest. However, a statement by the Acting Deputy Director,

81 Division Army Public Relations, Major Osoba Olaniyi, which provided further clarification on the troop deployment during the protests, categorically denied

that civilians were shot at. Sanwo-Olu, in his first reaction after the shooting, had blamed the shooting on Continued on page 9

In Historic Move, Buhari Nominates Yakubu for Second Term...Page 5


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