SEC Wields Big Stick, To Conduct Forensic on Oando Intels: House urges FG to revert to status quo, to probe contract termination Goddy Egene in Lagos and James Emejo in Abuja Following its probe into two petitions received from Alhaji
Dahiru Barau Mangal and Ansbury Inc., the Securities & Exchange Commission (SEC) yesterday directed the Nigerian Stock Exchange (NSE) to
place the shares of Oando Plc on full suspension for 48 hours, effective yesterday, and technical suspension from Friday, October 20.
The suspension, according to SEC, is to enable it conduct a forensic audit into the affairs of Oando, which has dual listings on the Nigerian
bourse and the Johannesburg Stock Exchange (JSE). Oando is an integrated energy firm with expansive operations in the downstream,
midstream and upstream segments of the Nigerian oil and gas sector. Continued on page 10
Buhari Approves Pension Payment to Retired Biafra Police Officers… Page 8 Thursday 19 October, 2017 Vol 22. No 8218. Price: N250
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States Spent N2.7bn On External Debt Service in Sept World Bank denies disagreeing with Adeosun on foreign borrowing Joseph Ushigiale in Lagos and Ndubuisi Francis in Abuja The World Bank Group has denied that it disagreed with the Minister of Finance, Mrs. Kemi Adeosun over the federal government’s external borrowing plan aimed at stimulating the economy and funding infrastructure projects in the country.
THE FIRST FAMILY FLIES TO TURKEY…
President Muhammadu Buhari (second right), relaxes with his wife, Aisha, and two children – Halima and Yusuf – on their flight to Ankara, Turkey yesterday. The president arrived the administrative capital of Turkey last night state house
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2019 Presidential Race: No Discussion on Automatic Ticket Yet, Say APC Govs Party receives report of True Federalism C’ttee Onyebuchi Ezigbo in Abuja The governors elected on the platform of the All Progressives Congress (APC) have said that they would abide by the party’s constitution in choosing a candidate for 2019 presidential election, adding
that no discussion has been held on an automatic ticket for President Muhammadu Buhari. This was the outcome of the meeting of the governors of the party and its national
executive, held at the APC national secretariat in Abuja yesterday. Although the party constitution is silent on the issue of an automatic ticket for the incumbent president,
the National Chairman of the party, Chief John OdigieOyegun and his predecessor Chief Bisi Akande have held divergent views on the matter. While Akande had said
last week in Ibadan at the end of a South-west caucus meeting of the party that the presidential ticket of the APC was open to all interested members desirous of throwing their hats into
Monkey Pox Spreads to 11 States with 74 Suspected Cases… Page 12
the ring, Oyegun disagreed, saying that Buhari has the right of first refusal. To qualify to contest for the presidential ticket of the ruling party, the APC constitution stipulates that any financially up-to-date Continued on page 8