The Nation Janury 24, 2013

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Nigeria’s widest circulating newspaper

Tinubu affirms June date for merger

Crisis hits CAN as Catholics withdraw NEWS Page 53

NEWS Page 2

•‘We need to settle our differences’

•Dignitaries visit Alaafin of Oyo

www.thenationonlineng.net

VOL. 8, NO. 2381 THURSDAY, JANUARY 24, 2013

TR UTH IN DEFENCE OF FREEDOM TRUTH

CUP OF NATIONS

N150.00

•Eagles will beat Zambia, says Mikel •Ideye: Emenike and I great strike force •Bafana Bafana sends S/Africa into ecstasy •AND MORE ON PAGES 15,16&49

CBN sets new deposit limits for account holders

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•CBN Governor Sanusi

HE Central Bank of Nigeria (CBN) yesterday set new deposit limits for all categories of account holders and introduced threetier Know Your Customer (KYC) requirements for banks. The policy pegs a maximum single deposit amount of

By Collins Nweze, Money Market Reporter

N20,000 and maximum cumulative balance of N200,000 at any point in time on the Low Value Account. It also places a maximum single deposit of N50,000 and a maximum cumulative balance of N400,000 on the Medium Value Ac-

count. However for the High Value Account, no limit is placed on cumulative balance. The policy also categorised bank customers into Low Value Accounts (Level One); Medium Value Accounts (Level two) and High Value Accounts (Level three).

A circular to all banks and other financial institutions (OFIs) signed by CBN Director, Financial Policy and Regulation, Chris Chukwu, explained that the policy became exigent after the CBN recognised that access to basic banking facilities and othContinued on page 2

Customs N275b contract for probe

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HE House of Representatives has expressed concern over the management of N275billion Destination Inspection Scheme (DIS) between the Nigerian Customs Service (NCS) and the Ministry of FInance. The lawmakers have mandated the Committee on .... Business Page 11

Emenike: my best yet to come

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•VICT OR YD ANCE: Edo State Governor Adams Oshiomhole acknowledges cheers from party faithful after his election petitions tribunal victory in Benin City…yesterday. •VICTOR ORY DANCE: •SEE PAGE 59

Crowds cheer as tribunal upholds Oshiomhole’s victory

2015: PDP joins legal battle over Jonathan

Party says suit questions its right to sponsor president

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S the ruling Peoples Democratic Party (PDP) planning to field President Goodluck Jonathan in 2015? This question remained relevant yesterday, with the PDP applying to be joined in a suit challenging the President’s eligibility to contest the election. Dr. Jonathan is yet to speak on his political future.

From Kamarudeen Ogundele, Abuja

A PDP card-carrying member and Port Harcourt lawyer, Henry Amadi, is before a Federal High Court, Abuja, contending that Jonathan is no longer eligible to contest in 2015 because, by so doing, he would be spending more than the maximum of two terms of four years envisaged by the 1999 Con-

stitution. The suit is similar to another filed by a chieftain of the PDP, Mr Cyriacus Njoku, on March 20, 2012 before an Abuja High Court. Judgment in that suit is pending before Justice Mudashiru Oniyangi. The respondents in this suit are Jonathan and the Independent Nation-

al Electoral Commission (INEC). In the application by its National Legal Adviser, Mr. Kwon Victor, the PDP is urging the court to join it as an interested party because it would be affected by the outcome of the suit. It is also asking the court to make a consequential order directing the Continued on page 2

AGLES’ striker Emmanuel Emenike has told MTNFootball.com he is yet to hit top form even after scoring in his AFCON debut on Monday. The Spartak Moscow striker powered Nigeria in front after 23... Sport Page 15

Senate clears Nebo, Turaki

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HE Senate yesterday confirmed Mr. Kabiru Tanimu Turaki and Prof. Chinedu Osita Nebo as ministers. The names of Turaki (Kebbi State) and Nebo (Enugu State) were last week forwarded to the Senate by President Goodluck Jonathan for confirmation. The lawmakers unanimously gave their nod... News Page 2

Mali: Govt firms up security

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ILITARY and other security agencies have been ordered to place five states under extra-vigilance. The states are Borno, Yobe, Kano , Kaduna , and Bauchi. Also, security has been strengthened in all ... News Page 2

•SPORT P15 •POLITICS P17 •EDUCATION P25 •E-BUSINESS P41 •N/HEALTH P51


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