Sunday 13th March 2016

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Emefiele Suspends CBN Deputy Governor, 4 Others Anayo Okolie In a hard-line decision, a deputy governor of Central Bank of Nigeria and four deputy directors have been suspended by the apex bank Governor, Mr. Godwin Emefiele, for failing to follow financial regulations and due process,

leading to the scamming of the bank by fraudsters. THISDAY gathered last night that the suspended Deputy Governor, Financial System Surveillance, Joseph Nnanna, responded to some spam emails without first cross-checking the authenticity of the mails and following CBN stringent

payment process before authorising the release of funds when the governor and several senior officials of the bank were on a flight to China last month. The names of the affected deputy directors could not be ascertained but they include the deputy director in charge of payment, the deputy director

trade and exchange department, and the deputy director in the office of the governor, who heeded Nnanna’s directive to pay when they themselves ought to know CBN’s payment due process. THISDAY gathered that $441,000 was initially lost to the scammers. $251,000 was

however blocked and recovered, leaving a balance of $190,000, which had already been cashed by the fraudsters. Two of the scammers were however caught in Dubai, United Arab Emirate and are currently being questioned by investigators. From their modus operandi,

the scammers apparently timed the execution of the fraud to take place when the CBN governor and other deputy governors were out of the country. Emefiele was said to have wielded the big stick by suspending the affected top Continued on page 6

As Power Generation Hits 3,118MW, Water Level, Gas Supply Still Major Challenges... Page 10

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South Moves to Take PDP Chairmanship, North Disagrees Onyebuchi Ezigbo in Abuja Attempts by the Peoples Democratic Party to reinvent itself as a formidable platform continued to reverberate across the country at the weekend as members braced for the May 21 national convention, which promises tough decisions that could strengthen or further weaken the erstwhile ruling

party. National officers who would run the affairs of the party for the next four years will be elected at the convention. And interests in the various geopolitical zones are trying to position themselves well for the coveted post of national chairman, with those from the South making the strongest moves.

THISDAY learnt that many influential stakeholders of PDP are favourably disposed to zoning the seat of national chairman to the South. This is in view of the fact that the party is likely to zone its presidential position to the North in 2019, as recommended by the Senator Ike Ekweremadu- led 2015 post-election panel. But some members from

the northern zones argue that taking the headship of the party away from the North, where PDP controls only two of the 19 states, to the South would portray PDP as a southern party. They also insist that the proposed emergence of the presidential candidate of the party from the North would not really affect the chairmanship post, as the chairman would be

on the last lap of his tenure at the time of the 2019 presidential primaries. With five of its six states under PDP control, Southsouth, the zone of Bayelsa-born former president, Dr. Goodluck Jonathan, who lost to President Muhammadu Buhari at the last general election, currently has the highest number of PDP governors. Those disposed to

zoning the chairmanship to South-south say apart from representing the loudest voice for the party at present, the zone also provides the biggest funding for the party. South-south man and PDP deputy national chairman, Chief Uche Secondus, who had been serving as acting national chairman, last month handed Continued on page 6

First Civilian Governor of Delta, Felix Ibru, Dies at 80

Okowa, Uduaghan, others mourn

Abimbola Akosile in Lagos and Omon-Julius Onabu in Asaba

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The one-time Senator of the Federal Republic of Nigeria, passed on in the early hours of yesterday at Reddington Hospital, Victoria Island, Lagos, at the age of 80. His death was confirmed by an unnamed senior member of the Ibru family, who also disclosed that the remains of Continued on page 6

Olorogun Felix Ibru

WEEKLY PULL-OUT

13.03.2016

GLITZ, EMOTIONS AND SURPRISES OF THE AMVCA


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Sunday 13th March 2016 by THISDAY Newspapers Ltd - Issuu