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THE

DAILY

TIMES

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

dailytimesnigeria

$25bn NNPC contracts non-existing –Presidency

Mathew Dadiya, Abuja

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The Federal Government on Sunday made its position clear over the controversy at the Nigerian National Petroleum Corporation (NNPC) over the purported leaked memo of the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who accused the NNPC Group Managing Director, Dr. Maikanti

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Baru, of insubordination and high-handedness in the management of the Corporation’s affairs. The presidency, in a statement by the Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande, said that claims on social and traditional media that $25billion worth of oil contracts were awarded by the NNPC or that $25billion in NNPC funds is missContinued on page 6

MONDAY, OCTOBER 16, 2017 VOL. 3. NO. 475

N150

GLOBAL FINANCIAL/COMMODITY MARKETS

CURRENCIES/CBN: CBN: N305.50 PER DOLLAR, Parallel Market: USD N363 POUND N480 EURO N425 NSE: ASI 36, 732.24 MARKET CAP 12.64 FMDQ O/N 35.33 OBB 33.33 COMMODITIES: Wheat US $439.40/MT Rice US $12.19/MT Cocoa US $2,087.00/Bag Coffee US $126.45/Scoop Cotton US $68.62/Unit Sugar US $14.41/Ounce METALS: Gold US $1304.60/Ounce Silver US $17.36/Ounce Copper US $3.12/Ounce ENERGY: Brent US $567.17/PB, N/Gas US $3.00/CB

FG to ban use of SMS to send customers’ bank details

Ă? As NCC boss accuses banks of conniving with fraudsters Ă? Says banks under reporting fraud cases for fear of desertion by customers Ă? ‘Non-disclosure of fraud cases militating against cyber security’

Tony Nwakaegho, Lagos

Ă?Ă?Ă? The sending of vital bank details via short message services (SMS) may Continued on page 5

Fela used music to 5 fight for liberation of masses -Gov Ambode Lagos State Governor Akinwunmi Ambode (middle); Yemisi RansomeKuti (6th left); Yeni Kuti (7th left) and others, during the unveiling of the late Fela Anikulapo-Kuti’s statue titled: ‘The Liberation’, to mark his 79th posthumous birthday at Allen Roundabout, Ikeja, Lagos‌ on Sunday.

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Jonathan reacts as Aso Rock Clinic denies capital allocation in 2017 6 Gov Obaseki, Anyaoku give conditions for Nigeria’s restructuring 7 Nigeria won’t be reckless with foreign borrowings, Adeosun insists 7


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