THURSDAY 17TH AUGUST 2022

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Senate Backs CBN on Naira Redesign After Rowdy Session Wants extension of deadline to April 30 to allow lawmakers offload cash for election Sunday Aborisade in Abuja The Senate has resolved to provide legislative support to the Central Bank of Nigeria (CBN) for the redesign of the N1,000, N500 and N200 naira notes.

The upper chamber made this resolution after a heated debate on a motion moved by Senator Uba Sani on CBN’s policy to redesign the three naira notes. But majority of Senators across party lines supported the redesign

of the naira but some of them were concerned about the deadline set by the apex bank for the old notes to be deposited in commercial banks. THISDAY gathered that call by the lawmakers for a shift in the January 31, 2023 deadline for the

old banknotes to be withdrawn from circulation, to April 2023, was to enable them offload the cash they had stockpiled for elections. THISDAY had reported on Sunday that politicians who stashed billions of naira outside

the banking system to prosecute the 2023 general election were plotting against the reintroduction and redesign of Nigeria’s currency. These politicians, it was learnt, had mobilised the National Assembly to pass a resolution against the naira

redesign as several lawmakers may have stockpiled cash for the 2023 general election. During the debate, lawmakers also questioned the impact of the Continued on page 10

Report: Average Remuneration of Nigerian CEOs Dropped to N332.49m in 2021... Page 5 Thursday 17 November, 2022 Vol 27. No 10082. Price: N250

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Tinubu: I Can’t Islamise Nigeria If I Couldn’t Islamise My Home Says those opposed to Shettima lobbied to be VP but were rejected CAN insists on secular state, meets APC presidential hopeful Ex-Lagos governor meets private stakeholders today in Imo Onyebuchi Ezigbo and Adedayo Akinwale in Abuja Presidential candidate of All Progres-

sives Congress (APC), Bola Tinubu, yesterday, gave an undertaking that he would not pursue any religious or ethnic agenda if elected president

of Nigeria. Speaking against the backdrop of criticisms that trailed his choice of a Muslim vice presidential candidate,

Kashim Shettima, Tinubu said his choice was based on capacity, cordiality, and one who could help him win the election.

The former Lagos State governor spoke at an iinteractive session with the leadership of the Christian Association of Nigeria (CAN).

He said if it was impossible for him to Islamise his home, then, he Continued on page 10

Atiku at NGE Forum, Vows to Continue Obasanjo’s Economic Policies Restates desire to privatise ailing government enterprises Says nation needs healing, vows to form government of national unity Reiterates support for resource control Upbeat about reconciling with Wike-led group Segun James Presidential candidate of Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, yesterday, promised to revive economic policies

that were implemented during the tenure of former President Olusegun Obasanjo between 1999 and 2007, when he served as vice president, Continued on page 10

FESTIVAL OF JOY LANDLORD... Okowa: Nigeria's Insecurity is GLO L-R: Speaker, Oyo State House of Assembly, Hon. Debo Ogundoyin; winner in Glo Festival of Joy, Ibrahim Akindele, his mother, Mrs. Funmilayo Head of Operations, West Territory, Globacom, Mr. Akeem Yusuf, and father of the winner, Mr. Yusuf Akindele, during the presentation Result of Widening Poverty... Page33 Akindele; of the key to a three-bedroom apartment to Akindele in Ibadan… yesterday


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