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THE

DAILY

TIMES

NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts

dailytimesnigeria

Daily Times: Court orders substituted service on Sen Obiora over N2bn suit

Doosuur Iwambe, Abuja

ÏÏÏ Justice Yusuf Halilu of the

High Court of the Federal Capital Territory in Jabi has ordered that a substituted service should be served on a former lawmaker, Senator Ikechukwu Obiora, over a N2billion suit

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filed against him by the Chairman of Folio Communications (FMG), publishers of The Daily Times), Mr. Fidelis Anosike and the Group Managing Director of FMG, Barrister Noel Anosike. Justice Halilu gave the order after hearing the application in Continued on page 6

THURSDAY, MARCH 29, 2018 VOL. 3. NO. 614

N150

GLOBAL FINANCIAL/COMMODITY MARKETS

CURRENCIES/CBN: CBN: N305.55 PER DOLLAR, Parallel Market: USD N365 POUND N475 EURO N424 NSE: ASI 37, 425.15 MARKET CAP 12.90 FMDQ O/N 22.50 OBB 22.00 COMMODITIES: Wheat US $455.00/MT Rice US $12.40/MT Cocoa US $2,004.00/Bag Coffee US $139.60/Scoop Cotton US $70.95/Unit Sugar US $14.15/Ounce METALS: Gold US $1263.10/Ounce Silver US $16.21/Ounce Copper US $2.87/Ounce ENERGY: Brent US $52.21/PB, N/Gas US $2.78/CB

FAAC: Finance Minister confirms Daily Times story Ï Says workers will get salary before Easter celebration Ï Presides over FAAC meeting as FG, states, LGAs share N647.39bn Ï 3 tiers of Govt receive N11.836bn payments higher than previous month Mathew Dadiya, Abuja

ÏÏÏ An intensive meeting

between state governors and Minister of Finance, Mrs. Kemi Adeosun, has

averted Federation Allocation Account Committee (FAAC) impasse which was induced by Nigerian National Petroleum Corporation (NNPC) alleged under-remitting of Federa-

tion fund accrued to it from crude oil sales. The Finance Minister also directed that all accounts of the three tiers of government must be credited their allocations on

We said so!

Wednesday to enable them pay their workers ahead of the Easter celebration. With the truce brokered by Minister of Finance, the Continued on page 5

L-R: Ogun State Deputy Governor, Mrs Yetunde Onanuga; State Governors: Abiola Ajimobi (Oyo); Akinwunmi Ambode (Lagos); Rauf Aregbesola (Osun); Ayo Fayose (Ekiti) and Rotimi Akeredolu (Ondo), after the signing of Memorandum of Understanding (MoU) to formally admit Lagos State into Oodua Investment Group at the Quarterly meeting of the Western Nigeria Governors Forum at the Lagos House, Alausa, Ikeja ... on Wednesday.

Reps stop Ajaokuta Steel concession, propose $1bn to 5 complete complex

Excitement as 7 Buhari arrives Lagos today for Tinubu’s birthday colloquium

NAFDAC arraigns herbalist for producing fake sex enhancing drugs 4

IPOB: Court orders Sen Abaribe to produce Nnamdi Kanu June 26 6


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