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Sanctity Of Truth
NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS
Wednesday, November 5, 2014
/newtelegraph
Vol. 1 No. 260
@newtelegraph1 www.newtelegraphonline.com
N10bn jet: ALISON-MADUEKE frustrating probe – Reps
N150
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AMCON nets N183bn from bridged banks’ sale
lSkye, Heritage await SEC’s approval Ayodele Aminu
T
he Asset Management Corporation of Nigeria (AM-
CON) made a total sum of N183 billion from the sale of two of the three bridged banks - Mainstreet Bank Limited and Enterprise
Bank Limited, New Telegraph learnt yesterday. While Skye Bank, which bought Mainstreet Bank, paid N126.8billion,
Heritage Bank Limited that purchased Enterprise Bank, forked out N56.1billion on the deal. Although the pair have
got all approvals, including that of the Central Bank of Nigeria (CBN), for the transaction, they are still awaiting the endorse-
ment of the Securities and Exchange Commission (SEC), whose Director General, Ms Arunma CONTINUED ON PAGE 4
Boko Haram renames Mubi, Madinatul Islam lAsks fleeing Adamawa residents to return home
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Quick Read Editorial
Nigeria’s drop in global gender ranking }19
Council of States confirms Suleiman IG }5 How Tambuwal deceived me, by House Leader }6
L-R: Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim; Ebonyi State Governor, Chief Martins Elechi; Akwa Ibom State Governor, Chief Godswill Akpabio and Delta State Governor, Dr. Emmanuel Uduaghan, at the Council of State meeting in Abuja...yesterday. Photo: TIMOTHY IKUOMENISAN.
Senators fight Jonathan over re-election bid
lThreaten to shut down government Chukwu David
P
eoples Democratic Party (PDP) senators are spoiling for a
fight with President Goodluck Jonathan for allegedly working to frustrate their re-election bid. The senators yesterday accused the president of
conniving with PDP governors to undermine their re-election by allowing the states’ helmsmen to have their way in the party ward congresses, which
held nationwide last Saturday. It was even learnt that the senators threatened to compile impeachable offences against the presi-
dent. The leadership of the Senate last night met with the president to table the grievances of the senators CONTINUED ON PAGE 5