Emefiele: Banks Disbursed N2.32tn Loans with Moveable Collaterals CJN seeks speedy dispensation of justice in commercial transactions Alex Enumah, James Emejo credit facilities amounting to Enterprises (MSMEs) registered respect of movable assets in May 2016. The Chief Justice of Nigeria and Folalumi Alaran in Abuja N1.80 trillion, $1.36 (N515.7 under the National Collateral offered as collateral, comprised Emefiele spoke in Abuja at a (CJN), Justice Ibrahim billion) and €10.92 million Registry (NCR). 262,904 individuals; 1,421 large virtual workshop on "Secured Muhammad, at the occasion, The Governor of the Central (N5.394 billion ), totalling He said the figures, which firms; 4,260 medium firms; Transactions in Movable Asset promised that the judiciary will Bank of Nigeria (CBN), Mr. N2.32 trillion to 273,435 large were generated from a total of 1,433 micro-businesses and and Credit Reporting Reforms ensure speedy dispensation Godwin Emefiele, yesterday companies, individuals and 113,153 financing statements 3,417 small businesses. in Nigeria," organised for said the banking sector gave Micro, Small and Medium registered on the registry in The NCR came into effect judicial officers. Continued on page 9 The Economist Endorses Okonjo-Iweala to Lead WTO... Page 8 Wednesday 28 October, 2020 Vol 25. No 9333. Price: N250 www.thisdaylive.com T RU N TH & REASO FG Insists on Regulating Social Media Udora Orizu in Abuja Despite public outcry, the federal government yesterday launched a fresh campaign to regulate social media, especially in the wake of the #EndSARS protests that were largely driven by digital campaigns. Leading the charge is Minister of Information and Culture, Mr. Lai Mohammed, who said yesterday that the federal government feels compelled to regulate social IN SOLIDARITY... media to curb the spread of L-R: President of Independent Broadcasting Association of Nigeria (IBAN), Mr Guy Murray-Bruce; Publisher, Guardian Newspaper, Mrs. Maiden Ibru; Chairman what he calls fake news. & Editor-in-Chief, THISDAY & Arise TV, Prince Nduka Obaigbena; Publisher, Vanguard Newspaper, Mr. Sam Amuka-Pemu; Publisher, Source, Ms. Comfort Obi; The minister spoke in Abuja Provost, Nigerian Institute of Journalism, Mr. Gbenga Adefaye; and President, Nigeria Union of Journalists, Mr. Chris Isiguzo, during a solidarity visit to The while responding to questions Nation Newspaper, in Lagos…yesterday abiodun ajala Continued on page 9 Despite Sanwo-Olu’s Denial, Army Insists Lagos Govt Requested Troops Deployment Denies shooting civilians Gov never denied inviting soldiers, claims aide Police command count losses, say six personnel killed, 38 injured, 71 force vehicles, 62 exhibits destroyed 520 suspects arrested for arson, rioting South-west senators to lobby FG to compensate Lagos Chiemelie Ezeobi Nigerian Army yesterday Babajide Sanwo-Olu, that he imposed on the state to curb 81 Division Army Public that civilians were shot at. broke its silence on the knew nothing about troop the social unrest unleashed Relations, Major Osoba Sanwo-Olu, in his first A week after it triggered incident, denying that it fired deployment in Lekki Tollgate by hoodlums who had seized Olaniyi, which provided reaction after the shooting, a global outrage over its at the marchers. where soldiers were accused the #EndSARS protest. further clarification on the had blamed the shooting on alleged shooting of #EndSARS It also disputed the claim of shooting protesters for However, a statement by troop deployment during the protesters in Lagos, the by Lagos State Governor, Mr. allegedly flouting the curfew the Acting Deputy Director, protests, categorically denied Continued on page 9 In Historic Move, Buhari Nominates Yakubu for Second Term...Page 5 2 WEDNESDAY OCTOBER 28, 2020 •THISDAY WEDNESDAY OCTOBER 28, 2020 • THISDAY 3 4 WEDNESDAY OCTOBER 28, 2020 •THISDAY WEDNESDAY, ͺ΀˜ͺ͸ͺ͸˾THISDAY 5 Group News Editor Ejiofor Alike NEWS Email [email protected], 08066066268 In Historic Move, Buhari Nominates Yakubu for Second Term Adedayo Akinwale in Abuja Meanwhile, the Coalition credible, free and fair 2023 the Senate and opposition him to have the needed and adequate time to start of United Political Parties general election from him. lawmakers to confirm the neutrality to oversee the the cleansing process of the In a historic move, President (CUPP) has congratulated CUPP also called on appointment so as to allow upcoming bye- elections electoral process. Muhammadu Buhari Yakubu on his reappointment yesterday presented the for a second term of office. Chairman of the Independent In a statement issued by the National Electoral spokesman of the CUPP, Mr. Commission (INEC), Prof. Ikenga Ugochinyere, CUPP Mahmood Yakubu, for a said that they received the second term of office. news of the reappointment The Special Adviser to of Yakubu with caution. the President on Media and "We heartily congratulate Publicity, Mr. Femi Adesina, him on his reappointment for disclosed this in a statement. a fresh term of five years. He said: "In a letter to This is because we see this President of the Senate, Dr. opportunity given to him as Ahmad Lawan, the president the only chance he would said in accordance with the have to set our electoral provision of Section 154 (1) of processes on the right path." the Constitution of the Federal According to the CUPP, Republic of Nigeria, 1999 (as "We, therefore, urge him amended), ‘I am pleased to to use this second term present for confirmation by appointment which is novel in the Senate, the nomination of the political history of Nigeria Prof. Mahmood Yakubu for to cleanse our electoral appointment as Chairman, process and consolidate on Independent National the gains of Edo and Ondo Electoral Commission (INEC) elections. for a second and final term.” "The shifted elections earlier Yakubu was first appointed scheduled for 31st October COUNTING LOSSES... by Buhari in November 2015. 2020 would be the first test of L-R: Lagos State Governor, Mr. Babajide Sanwo-Olu; Senator representing Lagos Central Senatorial District, Senator Oluremi He is the first chairman what this second term would of the commission to be be for Nigerians will expect Tinubu; and Secretary to the State Government, Mrs. Folashade Jaji, during a condolence visit by South-west senators to the nominated twice. nothing less than a very governor in Lagos…yesterday Buratai Tasks Military on Transparency, Accountability Kingsley Nwezeh in Abuja would afford army personnel the belief that every person of “As members of the Armed This, according to him, is in to be in place for public officers. the opportunity to fulfill their Nigerian army entrusted with Forces of Nigeria, strict consonance with his vision to He called on the Nigerian The Chief of Army Staff, Lt. obligations as public officers leadership responsibility must compliance with the provisions have a professionally responsive Army to put in place a Gen. Tukur Buratai, has tasked in line with the provisions understand the primacy of of the code of conduct is a Nigerian Army in the discharge management body to look at officers and men of the Nigerian of the fifth schedule of the asset declaration and code of constitutional responsibility of its constitutional roles. the ethical structure as well as Army to imbibe the culture of constitution. conduct for public officers and that must be respected,’’ he said. He urged the participants incentives for living in a high accountability, transparency and He said the army under his complying with all its provisions Buratai stated that he always to take advantage of the level of morality. probity in the management of leadership was desirous of and requirement. canvassed and pursued a system opportunity presented by Earlier, the Chief of Army financial resources. maintaining the high standard “This is so because that emphasised judicious the workshop to understand Standard and Evaluation, Maj. Buratai spoke yesterday of accountability in the conduct accountability is a prerequisite utilisation of scarce resources the requirements for asset Gen. Habila Vintenaba, said the in Abuja at the opening of a of its activities. for driving the fight against to optimise value for money. declaration and code of conduct CCB in carrying out its primary workshop on "Compliance with According to him, it is corruption which is one of He added that the Nigerian for public officers. function deemed it necessary assets declaration and code of consistent with the requirements the major focus of President Army has complied with the The Chairman of CCB, Prof. to acquaint army personnel conduct for officers and soldiers and behaviour of public officers, Muhammadu Buhari’s requirements of the Bureau for Muhammed Isah, represented with the nitty-gritty of assets of the Nigerian Army." which conforms to the high administration. Public Procurement (BPP), by a member of the Board, declaration and code of conduct. The workshop was organised standard of probity, public “It is gratifying to note that thus enhancing transparency Prof. Samuel Ogundare, said Vintenaba said the workshop by the Nigerian Army in morality, transparency and one of the main objectives of and prudence in financial the bureau was desirous to was a demonstration of Buratai’s collaboration with the Code accountability. this workshop is to educate and management. promoting ethical conducts unwavering commitment of Conduct Bureau (CCB) to “Accordingly, I have directed sensitise officers and men of The COAS also said that among public officers. to entrenching the culture sensitise the personnel on the that the same workshop be the Nigerian Army on asset efforts had been made to Isah said the workshop of responsiveness, probity, need to entrench accountability conducted in the six Nigerian declaration and code of conduct minimise waste and ensure was part of the efforts of CCB prudence and accountable in their work. Army divisions nationwide. for public officers as well as the judicious application of funds towards building an ethical responsibility in the Nigerian Buratai said the workshop “My directive is premised on consequences of non-compliance.