Nationalised Banks Yet to Get Court Order onnal banking activities
-
N
Wltinued . at Maiostreet B""' UnU1od.~
Bank
Limiled
• Processes to b.e seroed today, says lawyer
and
Keyswne Bank UnUtr:d yesterday as their managements
saidthat~hadnotbeen
sen/eel the injunction by a """"" Ffigh Co<n1 <lirectU>g them 10 hall theirop.:rations. The Central Dank of
By ObinfUJ Chima Nigeria (CON) and the Nigeria Deposit lnsuranc:e Cupor.ttion (NDIC) ~
"""'.
oIso """"'" "'" !hoy
also not
a~
of the
The apex bank insisted that
the three banks had been duJy fia:nsed and ~ thus authorised 10 cany on banking business. But the plaintiffs' lawyer. Owks Nwadlukwu. told lHlSDAY yesterday that oopies of theort\erwouk1beseM:dlothe banks Ioday.
He said the oder woold be accompanied wilh Fmn 48 which deals with oontempt of oowt-"'shooIdtheyaxniouelo disregard ttz CI'deJ". A Federal High Court in Lagos had on Monday haI~ the operations of the three
nationalised 00nks. Ruling on !he ex-parte applicaDon flied by Nwadlukwu on behalf of some aggrX:\'td shm:holdm of !he defunct rescued OOnks, the presiding jud~, Justice Clwb Archibong. had ICSII"3incd the banks frtxn funhrr dealing with the assets, ~ ard operations of the tltree bank5 pending the determination of the
ThursdAy" Novemb~r 1 ,2011, VoL 16, No. 6051 Price: N150 •
• •
I
.'.
mOOon on notio: fiJed by the aggr1e\'ed sharehoIdm. Mainstreet Bank, Enterprise Bank and Keysrone Bank had e:mtfEed on Augusl 5, through a
"brid", """ """"". "'" the demise of three erstWhile rescued banks - Afribanlc:,
Spring Bank and Bank PHD. C""tiII.,iI "" Pr. 5
www.thisday.ng
~
TODAY SWEATHER .AlDJA! Mo5IJy SLrV'Iy Temp: 18-34"'C .EIIICU: Cloudy, SlDIY Temp: 21-32'C.UNO: HoIIy!UV1'/ Temp: 1&36"'C .LAIiOS: &n1y Temp: 24-3O"C .PM: Cloudy, SLmy Temp: 22-29"C
Subsidy: Jonathan Fails Convince N'Assembly P
..,idenl . Goodl""" JooaIhan's bid 10 c0nvince National ,\ssembIy members 10 support the
-y.
removal of fuel subsidy -
which is eJ[pected 10 gulp about N 15 trillioo this year alone - failed at fuH attempt
lH1SDAY learnl that mosl
From KUlIk Akogun .Ahame/ulD Ogbu "'oUoIo
of the Iawmakers ....'ere not persuaded by the prm<ient's pn:-senration and advised him 10 focus on the st.eurity siruation in the oounuy flf'St. The rneaing at the Banquet Hall of the Presidential Villa
by the
JRSi-
was anended by aU rranbc:B of
vincing
the National Assembly from both chamber.;;, with the Senate refuting 11 report that it was planning 10 pass a voce of no confidence on the presiden.
ded.1O rcnove!he subsidy.
A lawmaker IOId TIflSDAY last rughl that the meeting, ....tUch lasted a little o'-tt an hour. was mam:d by "urroo-
IQ'UIS"
'The president advanced reasons ranging from the fact thaI the country's economy coukl collapse within moolhs if the subsisting subsidy oa petroleum products ~ not !emoved now, but he failed 10 convince the lawmakers. He
was not punchy; he was not convincing and nobody bought his moons." said the
""""'. The president was also said
soootod the support of the lawmakers despite the pin
10 have
drop sileo« "'" """""" "'" ""I. Senate PresideD! David
FG j\sks BA, Virgin to Cassava Communion... Pay Nigerians N3.3bn S =~~ -NCAA accuses UK airlines of exploiting passengers ..... _-doarly '" An,)im Pill'l An,)im, Is pic-
Bj' Cllinetiu E~ these [\\'0 airlines after a "long. poin.ruang. """,,,gh ""'.".,. prehensive investigation spanning approximately half • r?'!"
of some conduct by Bntish Airways (SA) and Vi~ ti~
prncices aJKI Nigerian law.
nus ~ti(ll mtlSI be
paid within a specific time as indicated. NCAA ~aid.. The Nigerian regulalory body ga\'e !his diJecrive 10
Atlantic Airways (VAA), which charge Nigerian passengen unduly high and arbitrary dwges dl3l ...."e/'C not appovod
by cmccmod authorities". 80th BA and VM ~)"e.
10 respond las!: night A pteSS statement made available ( 0 TIUSDAY and .""'" "'" """""-<Ja<rnl of the by AutOOrity, Dr Harold Dc:rrnU'en, said: "The NCAA has concluded that both airlines violated Nigerian law, cxpkXlcd Nigerian oonsumm and C....ti ...,iI""',.,.5
Court Stops Bayelsa Governorship Primary • PDP: We've not been served . FG deplUlJs troops in Yenagoa
his loaf of bmld at the Federnl Executh-e Council meeting yesterday, It's not an ordinary bread. though. Ills · cassava brtad". aa:ording to the Mlnister 0(
_ _ o..A_ ·
AldnWUDD11, who said be had !brted a process otN'q:erta amuming what. produttS Imtead of having the pmchant rtJr' rordgD goock. He said the IntematiooaJ Im1Jbrte of Thopk:aI ~ (IITA) ID Ibadan bas pImeemi tIR use ~ SO per cmt taSISIlV1l DoUr In ......, produdlon• He brought the.sa.mpk5 to
__
. . _and_ ............ ...
Federal High Coun sit· ting in Abuja presided over by Justice G.O.
From Chuks OJcocha "'oO¥ .. Seglln James", r_
tbat O\U' N354 billion would be sann annuaBy by the sdJeme ",bkh WOuld make
Kolawole.
told TIDSDAY that the
our rannen ricba".
A
SlOpped
the
yesterday Peoples
"'''''''''"'' ""'" (!'DP) going ahead with - the NO\'ember 19 primary election to elect il5 candidate for the February II, 2012 go~. shiibcJcction in Bayelsa SUI1C. PDP National Legal Adviser, Chief Olusola Oke,
party
had not been SJeM.'d the CDJJt order, while the party's ' National PubliciI)' Secretary, Prof. Ahna1 Alkali. also said: "For the avoidance of any doubt, the PDP has 001 been served any COUI1 order invaJiC""tilllud ""
Pr. 5
He also said be bad dic«:ted Dour companies 10 uw: 10 per cent high grade Dour in their
"'-"'-_ produdlon
and _
with
"'...... ....,.............. Bon appetit. Anyim.
Marte was said lO have miJdly lold Jonathan: "We have heanI what you said sir, but we have to go back and digest the message. In any case, we wge you 10 do something about the sccuril)' situation in the country. Thai is the I110Sl importanl thing (or now."