ARRAIGNMENT FOR FORGERY: Buhari, Saraki in war of words

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Late publication of accounts: CBN to sack banks’ CEOs, chairmen By Babajide Komolafe

L

AGOS — THE Central Bank of Nigeria (CBN) has said it will sack chief executive officer and chairman of any bank that fails to publish its financial statement within

the regulatory period. This was contained in the Monetary, Credit, Foreign Trade and Exchange Policy

•As Naira depreciates to N281.5/$

Guidelines for the 2016/ 2017 fiscal year released by

the apex bank, yesterday. According to the CBN, all

banks must publish their financial statements latest

Nigerian Breweries Plc: Investors' gains buckle, occupies top 5 losers' chart >20

...towards a better life for the people VOL. 25: NO. 63059

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four months after their financial year or risk severe sanction, including removal of the chief executive officer and the chairman. The CBN stated: “In accordance with BOFIA 2010 LFN, banks are Continues on page 8

ONLINE | www.vanguardngr.com

TUESDAY, JUNE 28, 2016

N200

ARRAIGNMENT FOR FORGERY:

Buhari, Saraki in war of words •You’re not in charge; I’m ready for jail, Saraki tells Buhari By Henry Umoru, Dapo Akinrefon, •It’s not only ridiculous, but preposterous — Presidency Ikechukwu Nnochiri, Levinus •Courts being used for vendetta against us — Ekweremadu Nwabughiogu & Joseph Erunke •As court grants Saraki, Ekweremadu, others bail BUJA— THE Presidency, and the A President, Dr. Economy: Buhari angry with CBN over Naira devaluation >9 Senate Bukola Saraki alongside his

deputy, Senator Ike Ekweremadu, were, yesterday, locked in a war of words over the arraignment of the nation’s two top legislative officials for alleged forgery of the Continues on Page 5

Ogun dep gov escapes death, as militants attack convoy >11 Mr & Mrs DOCKED: Senate President, Dr Bukola Saraki (middle) and his deputy, Ike Ekweremadu (left) at the Federal High Court, Jabi, Abuja over alleged forgery of Senate Rules, yesterday. Photo: Gbemiga Olamikan.

States should publish accounts — Adeosun >9 COLUMNIST: Court removes Gov Ikpeazu of Abia State PIPELINE BOMBINGS: Itsekiri may fight back, Newuwumi warns Avengers See inside

Brexit: Teachable moment for internal •P.17 colonialists

•Don't panic, I remain your gov, Ikpeazu tells Abians >15


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