The Nation August 08, 2011

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Nigeria’s truly national newspaper

News Jonathan suspends single tenure bill amid protests P2 Sport England will fall, Flying Eagles coach Obuh boasts P24 Business Rivers, Oando seal agreement on gas distribution P11 http://www.thenationonlineng.net

TR UTH IN DEFENCE OF FREEDOM TRUTH

VOL. 7, NO. 1846 MONDAY, AUGUST 8, 2011

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OARD chiefs were named yesterday for the three newly formed banks. The banks are Keystone Bank Limited, Mainstreet Bank Limited and Enterprise Bank Limited. They were acquired by the Asset Management Corporation of Nigeria (AMCON) from the Nigeria Deposit Insurance Corporation (NDIC) last Saturday. These appointments came on a day the Securities and Exchange Commission (SEC) suspended

AMCON appoints boards for new banks Bank Keystone Bank Mainstreet Bank Enterprise Bank

MD Chairman Ofi Ikomi Jacobs Moyo Ajekigbe Mrs Faith Tueodor-Mathews Falalu Bello Ahmed Kuru Emeka Onwuka

By Ayodele Aminu and Tonia Osudolire

trading on the shares of Afribank Nigeria Plc – formerly now known

as Mainstreet Bank , Spring Bank Plc (now Enterprise Bank) and Bank PHB (Keystone Bank), following the nationalisation of the three lenders.

In a bid to protect investors, the commission also approved a technical suspension on the trading of Finbank Plc, Intercontinental Plc,

N150.00 Oceanic Bank Plc and Union Bank of Nigeria Plc shares, pending the completion of agreed recapitalisation deals. A technical suspension means that trading on the shares can continue without any change in price. Full suspension means that there will be no trading on the shares of the said companies. The SEC, in a statement, said it supports the establishment of Continued on page 2

al-Mustapha’s trial: NSA returned cash to CBN Adesanya, Ige got no bribe, CBN papers reveal

Sam Loco Efe is dead By Ozolua Uhakheme, Mercy Michael, Ahmed Boulor and Emma Mgbeahurike

From Yusuf Alli, Managing Editor, Northern Operation, Abuja

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CE actor and comedian Sam Loco Efe – one of the best known faces on television soaps and Nollywood – died yesterday. He was 69. He was found dead in his Rapour Hotel room in Amaakaohai on Orlu road in Owerri, the Imo State capital. The late actor’s body was found in his Room 204 in the hotel. An actor, who declined to be named, said in Owerri that he accompanied the late Efe to his room at about 11 pm on Saturday. He said at about midnight, the late actor called to remind him of an appointment for noon yesterday. He said he was astonished to be invited by the hotel management yesterday afternoon when Efe’s whereabouts became unknown, yet his room was locked. A peep after a climb through the window

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ORMER security chief Hamza alMustapha’s claim that Yoruba leaders got bribe is a big lie, it emerged at the weekend. al-Mustapha said the late Chief Abraham Adesanya and the late Chief Bola Ige were bribed by the Gen. Abdulsalami Abubakar government to kill the June 12 struggle. But, The Nation discovered at the weekend that the cash al-Mustapha claimed the leaders got was, in fact, returned to the Central Bank of Nigeria (CBN). Adesanya was leader of Afenifere and the National Democratic Coalition (NADECO). Ige, a former Attorney-General of the Federation, was deputy leader. The cash was used for what a security source described as “sighting” in order to recover looted funds from some key aides of the late Head of State, Gen. Sani Abacha, when they were not being cooperative with the government. The state may testify against al-Mustapha at a Lagos High Court to prove that no bribe was given to any Yoruba leader, it was learnt. Continued on page 2

INSIDE •Adesanya, Ige didn’t compromise, say Tinubu, Falana •Adesanya’s son: al-Mustapha should be ignored •There’s plot ‘to kill’ ex-CSO, his alleges family •SEE PAGE 3

•The late Efe

Continued on page 3

•SPORTS P24 •CITYBEATS P25 •MOTORING P47 •MONEY LINK P56


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