The Nation November 17, 2011

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Nigeria’s widest circulating newspaper

News Tears as family bids slain banker Titilayo goodbye P5 Sport Eagles star Odemwingie doubtful for Bolton clash P24 Business Management threatens striking PHCN workers with sack P12 www.thenationonlineng.net

VOL. 7, NO. 1947 THURSDAY, NOVEMBER 17, 2011

TR UTH IN DEFENCE OF FREEDOM TRUTH

THE BATTLE FOR BAYELSA T

HE Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) yesterday assured depositors of the three new banks (Mainatreet Bank, Enterprise Bank and Keystone Bank) of the safety of their funds, saying that the institutions remain in business. A Federal High Court has restrained the trio from further

•Court stops PDP primary •Party: Primary will go on •Ward congresses valid, says chairman •PAGES 4 & 57 •Stakeholders kick

New banks remain in business, says CBN By Collins Nweze, Staff Reporter

dealing in the assets, businesses and operations of the nationalised banks - Afribank, Spring Bank and Bank PHB. But the CBN and the NDIC, in a joint statement, said: “The CBN

and the NDIC wish to inform the general public that Keystone Bank Limited, Mainstreet Bank Limited and Enterprise Bank Limited are banks duly licensed by the CBN and are thus authorised to carry on banking business. We

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urge all customers of the said banks as well as the general public to continue transacting their business with the banks as hitherto done and hereby issue our assurances once again that all depositors’ funds in these institu-

tions are safe and banking operations will continue as normal.” They stressed that the three banks are fully insured by the NDIC and all depositors are assured of the safety of their funds. The duo also denied the court judgement, saying that they have not been served. Continued on page 11

Subsidy: Senators, Reps reject Jonathan’s stand President gets backing to fight Boko Haram From Yusuf Alli, Victor Oluwasegun and Vincent Ikuomola, Abuja

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FTER a two-hour audience, Senators and members of the House of Representatives still kept President Goodluck Jonathan in suspense over plans to remove fuel subsidy. But the President warned that the economy may collapse, if the subsidy remains, sources said. But the Senators and Representatives endorsed Jonathan’s plans to tackle the Boko Haram menace and rid Nigeria of terrorism. The President met with members of the National Assembly at the Presidential Villa between 3pm and 5pm. The moderator of the session was the Secretary to the Government of the Federation, Senator Anyim Pius Anyim, a former Senate President. It was learnt that after the opening prayer, which was said by the Senate Leader, Senator Victor Ndoma-Egba, the session went into the two issues on the agenda - removal of fuel subsidy and Boko Haram’s insurgency. The President (with whom were some ministers and the National Security Adviser, Gen. Owoye Azazi) explained why fuel subsidy must be removed. But the President’s arguments proved to be a hard-sell to members of the National Continued on page 4

•The scene of the fire incident that gutted a petrol tanker at ASCON Filling Station in Abuja while discharging fuel ... yesterday. Story on page 4. PHOTO: ABAYOMI FAYESE

•POLITICS P15 •SPORT P24 •EDUCATION P25 •NATURAL HEALTH P43


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