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N165bn monthly salaries of federal civil servants not sustainable - Adeosun ÎÎÎMinister of Finance, Kemi Adeo-

sun said on Thursday in Lagos that the N165 billion monthly salaries to federal civil servants was over-bloated and could no longer be sustained by govern-

ment. The minister spoke at a meeting with Newspaper Proprietors Association of Nigeria (NPAN) hosted by her counterpart in the Ministry of Information and

Culture, Alhaji Lai Mohammed. Adeosun who was speaking on the economy reform agenda of the government, said that the N165 billion being paid to federal civil servants monthly

represented 40 per cent of the total spending of government. She said the figure was too high and government was pursuing aggressive Continued on page 6

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FRIDAY, MAY 6, 2016 VOL. 2. NO. 103

GAINERS

N150

LOSERS

NSE GAINERS AND LOSERS AS AT 5th May, 2016.

FIDELITYBK

1.12

0.07

6.67%

FO

199.48

9.48

4.99%

TRANSEXPR

1.03

-0.10

-8.85%

NB

115.32

-6.68

-5.48%

MAYBAKER

0.84

0.04

5.00%

CONOIL

17.27

0.82

4.98%

CCNN

6.99

-0.46

-6.17%

PORTPAINT

2.28

-0.12

-5.00%

EFCC releases Fidelity Bank MD, Nnamdi Okonkwo g12

Boko Haram: Buhari g8 saved Borno people from extinction – Shettima

Army Court Martials 2 Generals g7 for indiscipline

Homto Dokpesi Lady of many parts

gL1

After Forcados, group blows up oil platform

Opeoluwani Akintayo Ï 9 ƏƆ Ƒ Əƈô Ɛ ƏƆ Ɛ Ɛ ƐƏƆ Ɛ ƒ Ɨ Ƌ ƋƈƊƆ Ɗ 6 Ə ƌ ƈ ƑƏ Ɔ Ɛ Ï j Ɔ ƌƈƋƈƐ Əƕ ƅ ôƐ ƍƏ ƐƆƅƐ ƕ ƑƏ Ƈ ƅƈƋƈƐƈƆ è Ə Ƒƍ ƐƆƋƋ ƈ ƐƆƏ Ɛƈ Ƌ ƈƋ ƇƈƏƌ ÎÎÎA Chevron-operated facility located the high sea near Escravos in Warri Ï ój ƋƊ Ɛ 01 Ɛ ƌƆƆƐ ƑƏ ƗƆƌ Ɨ ƆƋ Ɔ ƌ ƏƆ ƌƈ ƍ ƓƈƋƋ ƄƆƇ ƋƋ ƕ ƑƏ ƈ Ɛ ƋƋ Ɛƈ ô on South-West council area of Delta state Ï &ƇƇ ƏƐ ƄƆƈ ƈ ƐƆ ƈƇƈƆƗ Ɛ ƐƏ ƅƊ Ɛ Ɔ ƍƆƏƍƆƐƏ Ɛ Ə è ƕ M ƒƕô ƍ ƊƆ ƌ Continued on page 6

L-R: Executive Director, Shared Services & Products, Chijioke Ugochukwu; Ag. Managing Director/Chief Executive Officer, Alhaji Mohammed Balarabe; Chairman, Board of Directors, Chief (Dr.) Christopher Ezeh and Company Secretary, Ezinwa Unuigboje at the 28th Annual General Meeting of Fidelity Bank Plc in Lagos … on Thursday.

Alleged $40m scam: Jonathan’s cousin petitions Reps against EFCC g12


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