05 nov 2014

Page 1

SATURDAY

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

}3

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

}3

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


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