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THE

DAILY

TIMES

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

dailytimesng

Etisalat alleged loan fraud:

Why is NASS silent?

…As Daily Times invokes FOI, writes CBN Myke Uzendu, Abuja, Tony Nwakaegho, Lagos Strong indications have emerged about how high wire politics and horse trading are now trailing the alleged loans crisis that has engulfed Nigeria’s fourth largest mobile operator, Etisalat Nigeria.

www.facebook.com/dailytimesngr

The telecom firm is engrossed in a logjam, following a huge debt of $1.2billion (about N541billion) from 13 Nigerian banks. But stakeholders and experts are worried that the National Assembly is yet to wade into Continued on page 12

WEDNESDAY, JULY 5, 2017 VOL. 3. NO. 401

N150

GLOBAL FINANCIAL/COMMODITY MARKETS

CURRENCIES/CBN: CBN: N305.95 PER DOLLAR, Parallel Market: USD N365 POUND N465 EURO N410 NSE: ASI 32, 769.80 MARKET CAP 11.33tr FMDQ O/N 15.67 OBB 14.83 COMMODITIES: Wheat US $528.00/MT Rice US $11.56/MT Cocoa US $1,943.00/Bag Coffee US $124.05/Scoop Cotton US $75.31/Unit Sugar US $13.84/Ounce METALS: Gold US $1222.20/Ounce Silver US $16.10/Ounce Copper US $2.68/Ounce ENERGY: Brent US $49.28/PB, N/Gas US $3.03/CB

Executive, NASS showdown imminent as

Senate dares Osinbajo over Magu Ï Suspends further confirmation of nominees Ï Says Acting President must obey resolutions or risk impeachment Ï Reps summons Fashola ÏFG may move against errant lawmakers

Ï Its impeachable offence to retain Magu as resolutions must be obeyed -Ozekhome

Ï No, Senate resolution mere advisory - Falana

Olufemi Samuel, Henry Omunu & Chris Emetoh, Abuja The stand-off between the executive and the legislature took a frightening dimension on Tuesday as the Senate subtly dangled an impeachment threat against Acting President Yemi Osinbajo over what it called non-implementation of Continued on page 6

We’ve defeated Boko Haram but yet to eliminate terrorists 6 - Buratai Badoo Killings: Vigilante grp vows to unravel perpetrators, sponsors with traditional methodology 7

Court discharges, acquits Sen Ndume of terrorism charge 12

President, Dangote Group, Alhaji Aliko Dangote; Senate President, Abubakar Bukola Saraki; Kano State Governor, Alhaji Umar Ganduje; Minister of Mines and Steel Development, Dr. Kayode Fayemi; Minister of State, Aviation, Senator Hadi Sirika and others received body of late elder statesman, Alhaji Yusuf Maitama Sule, at the Aminu Kano International Airport… on Tuesday.

Mamman Vatsa’ son dies at 49 12


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