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THE

DAILY

TIMES

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

NSE QUICK BITE

dailytimesng

Arms procurement deals:

How ex-military chiefs stole over $15bn-TI

Ï Report misleading, false, unfounded, says DHQ Lateef Ibrahim and Andrew Orolua Abuja

ÏÏÏ In

a damning report that reveals mind boggling diversion of public funds, a new report by the Transparency International Defence and Security (TIDS), a

non-governmental organisation, has revealed how former military chiefs in Nigeria stole as much as $15 billion through fraudulent arms procurement deals. But reacting, the Defence Headquarters (DHQ) described the Continued on page 5

FRIDAY, MAY 19, 2017 VOL. 3. NO. 368

www.facebook.com/dailytimesngr

GAINERS AS AT May 18, 2017

N150

LOSERS AS AT May 18, 2017

Wike’s giant strides justify his election –GEJ PZ

16.48

18.06 9.59%

GUARANTY

29.55

30.00

1.52%

UNILEVER

37.45

30.01

-3.85%

Ï Says he has no regrets that Wike is governor of Rivers State Ï Commends him for opening up Rivers through projects, showing commitment to infrastructural dev. Ï ‘It doesn’t matter the blackmail against Jonathan, we will continue to back him, says Gov Ï ‘After two years of APC, Nigerians have seen the difference between good governance and false promises’

STANBIC

27.00

26.00

-3.70%

Amaka Agbu, Port Harcourt

ÏÏÏ

The immediate past President of Nigeria, Dr. Goodluck Ebele Jonathan, declared in Port Harcourt, on Continued on page 5

NNPC at final stage of signing $6bn oil-for-product swaps 14 Fear grips int’l market as Nigeria’s crude oil production increases 14 Elumelu, African 5 leaders commend AFC on world class governance standards

Senior Pastor, House on the Rock Church, Pastor Paul Adefarasin (l) receiving his Life Impact Award from Mr. Sam Amuka, publisher of Vanguard Newspaper at the recently concluded Daily Times of Nigeria Times Heroes Awards in Abuja

Senate probes alleged lopsided recruitment in DSS Ï Orders Lottery Commission DG to vacate office

Olufemi Samuel and Chris Emetoh, Abuja

ÏÏÏ

Senate on Thursday endorsed the move by its committee on Federal Character to carry out thorough investigation on the alleged lopsided recruitment recently carried out by the Department of State Services (DSS).

Also, the Upper Legislative chamber has ordered the Director General of the National Lottery Regulatory Commission (NLRC), Mr. Lanre Gbajabiamila, to vacate his office immediately for assuming office without the required confirmation by it as stipulated by the constitution. Chairman of the Senate Com-

mittee on Federal Character, Senator Tijjani Abubakar Kaura (APC Zamfara North), had during Senate plenary on Thursday declared that his committee based on petitions received from concerned Nigerians on recent recruitment carried out by DSS, resolved to probe the exercise Continued on page 12

‘Banana Island Ghost’, much anticipated movie trailer arrives L8


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