...towards a better life for the people
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VOL. 25: NO. 62479
ONLINE | www.vanguardngr.com
N150
WEDNESDAY, AUGUST 26, 2015
WITHDRAWAL OF OFFICERS FROM VIPS:
Police deploy men to airports, highways to enforce directive
FG reduces salaries of federal lawmakers 9
9
Banks in dilemma over idle $5bn deposits By Omoh Gabriel, Business Editor
L
•Refuse to accept dollar cash deposits •Won't buy dollar from customers
AGOS — I N D I CAT I O N S emerged, yesterday, that banks in the country are now in a dilemma on what to do with an estimated $5 billion that is currently idle in their vaults. Banks, it was gathered, have their vaults full of dollars that they do not know how to dispose of. It is funds they can neither lend to other banks nor sell to CBN, and the only option open to them is to sell. Bank foreign exchange Continues on Page 5
‘Okija Shrine: No longer a bee-hive of activities for politicians See Inside
Mr & Mrs LAUNCH: From left, Kufre Ekanem, Corporate Affairs Adviser; Nicolaas Vervelde, MD/CEO, both of Nigerian Breweries Plc.; Sam Nwobodo, Commissioner for Commerce and Industry, Enugu State (representing Governor Ifeanyi Ugwuanyi); Clementine Vervelde, wife of the MD/CEO of NB Plc and Hubert Eze, Sales Director, also of NB Plc at the launch of the world's biggest poster by Gulder at Okpara Square, Enugu, Monday.
COLUMNISTS:
What’s the point of a first lady? •P.17 C M Y K
Power supply:
NERC, DISCOs
Am I too small and the National to please my Assembly •P.37 •P.19 women?
Ekwueme, Clark, Gbonigi tackle 12 Buhari over appointments