Masari to COAS: Katsina is Under Severe Bandits’ Attacks Laments worsening insecurity in the state Says 10 out of 34 LGAs affected Francis Sardauna in Katsina by bandits and kidnappers, of banditry accompanied by Government House, Katsina, other security agencies in He, however, called for leaving 10 out of the 34 local kidnapping, raping of innocent Masari said both residents Nigeria needed logistics the deployment of modern Katsina State Governor, Aminu government areas of the state women and armed robbery and security agencies must support and manpower to technology to tackle insecurity Bello Masari, yesterday, told vulnerable. on the state's highways, were work together to up the ante tackle banditry, kidnapping in the country, saying the the Chief of Army Staff Masari, expressed worry afflicting his government's in the war against bandits, and other insecurity challenges world has gone into the era of (COAS), Lieutenant General over the prevailing security effort of restoring peace and kidnapping and other criminal confronting the nation, technology, adding that, "with Faruk Yahaya, that the state challenges in the state, affirmed normalcy in the state. activities in the state. particularly in the North-west was under severe attacks that the deteriorating spate Receiving Yahaya at the He said the military and region of the country. Continued on page 8 FG: Kaduna, Ekiti, 5 Other States to Benefit from $700m World Bank Loan for Water Projects... Page 6 Friday 6 August, 2021 Vol 26. No 9615. Price: N250 www.thisdaylive.com T R U N T H & R E ASO TODAY'S WEATHER ABUJA MAIDUGURI ENUGU KANO LAGOS PORT HARCOURT 25°C-33°C 31°C-31°C 25°C-28°C 27°C-33°C 24C-27°C 20°C-30°C With PDP Elders’ Intervention, Secondus Lives Another Day BoT, NEC set up committee to resolve crisis NWC members know fate in 72 hours Atiku, Anyim, Lamido, Mark, others seek peaceful rapprochement Chuks Okocha in Abuja removal by certain forces the seven that resigned their opposed to his leadership. positions on Tuesday, changed The intervention, yesterday, The indication that his stand and withdrew his by some political elders in the elders’ had achieved resignation letter. the Peoples Democratic Party a breakthrough in their Even more instructive, it (PDP) saved the embattled intervention emerged, when appeared, was Odeyemi’s national chairman of the main Deputy National Publicity pledge to work with the opposition party, Prince Uche Secretary of the party, Diran Secondus, from a planned Odeyemi, who was among Continued on page 8 BREAKING NEWS IBB Rules Out Atiku, Tinubu from 2023 Says new president should be in his sixties ȱ¢ȱȱȱšŠ Jega Proposes Devolution of Power to States, LGAs... Page 6 2 FRIDAY AUGUST 6, 2021 •THISDAY FRIDAY AUGUST 6, 2021 • THISDAY 3 4 FRIDAY AUGUST 6, 2021 •THISDAY FRIDAY, ;˜ͺ͸ͺ͹˾THISDAY 5 Group News Editor: Goddy Egene NEWS Email: [email protected], 08033506821, 08097777322 SANWO-OLU RECEIVES MANAGEMENT TEAM OF NAICOM... L-R: Deputy Commissioner Technical, National Insurance Commission (NAICOM), Alhaji Sabiu Bello Abubakar; Director-General, Nigeria Insurance Association (NIA), Mrs. Yetunde Illori; Commissioner for Insurance/CEO, NAICOM, Mr. Olorundare Thomas; Lagos State Governor, Mr. Babajide Sanwo-Olu; his Deputy, Dr. Obafemi Hamzat; President, Nigerian Council of Registered Insurance Brokers (NCRIB), Dr. Bola Onigbogi; Commissioner for Finance, Dr. Rabiu Olowo; Permanent Secretary, Ministry of Finance, Mrs. Ayoola Iyabo Oyeyemi and others, during a courtesy visit to the Governor, at Lagos House, Alausa, Ikeja...recently Hand Over Refineries to Private Sector and Be Better Off, PwC Tells FG Says plants have recorded over N100bn in losses, produce zero barrel of refined products Report: Nigeria's CEOs highest paid in Africa Emma Addeh in Abuja and for billions of dollars was given. “Nigeria’s Nollywood is a Limited, Dr. Ayo Teriba, who billions of dollars.” companies, according to the Dike Onwuamaeze in Lagos These are refineries where good export to invest in.” moderated the panel discussion report. we have recorded over N100 Nervin also pointed out during the webinar, agreed Report: Nigeria's CEOs A Bloomberg report had also The federal government has billion in losses and produce that Africa was the only place with the perspective shared Highest Paid in Africa noted that chief financial officers been advised to handover zero barrel of refined products. with demographic growth in by Nervin that Nigeria in Africa’s biggest economy its refineries and other “If we have given these the world, stressing that this might become the world’s CEOs of Nigerian-listed were among the best paid in the commercially viable projects refineries for free to the private has big implications for the most populous country in companies are among sub- region, with median earnings to the private sector in order sector, Nigeria would have been Nigerian economy. the next century. Teriba urged Saharan Africa’s highest of $219,000, according to PwC. to reduce its debts and earn better off compared to close to “Nigeria can develop its the government to develop the earners, a new report by Price Nigeria is home to the more revenue from the assets. N10 billion that we spend every human capital as its most country’s human capital just Waterhouse Coopers (PwC) has continent’s biggest building- The government was also month maintaining and running strategic assets that can go as India and China did in the indicated. materials producer, Dangote advised to prepare for the assets that are not producing. abroad and earn foreign past century. The remuneration report Cement Plc, owned by Africa’s future by investing more in “If we take something like exchange. Teriba said, “Your published yesterday by the richest man, Aliko Dangote. human capital development in rails, refining and the ports that “By investing in Nigeria’s perspective is that by the accounting firm said the median The country has the biggest order to position its citizens as are commercially viable and young people and brains year 2100 Nigeria will have value of total-guaranteed companies by market value exportable ‘products’ and boost give to the private sector, they everything in the economy the largest population in the packages, which includes base on the continent, outside diaspora remittances. will bring money from within will take care of its self,” world, as India and China pay and benefits, for the heads South Africa, in the food These views were canvassed and outside Nigeria. They will Nervin said. populations will be declining of Nigerian companies was and beverage, banking and yesterday by Africa Tax and do them better. He added that climate change while Nigeria’s will be rising. $323,000. That is the highest energy industries through Legal Services Leader, PwC "They will make money. They would be a serious matter for So government must invest in among seven sub-Saharan Nestle Nigeria Plc, Guaranty Nigeria, Mr. Taiwo Oyedele, and will run them efficiently and Nigeria, and Lagos, especially, them to generate more brains African countries, excluding Trust Holding Co., and Seplat Partner/Chief Economist, PwC pay taxes to the government. as the temperature is increasing that will go to the Diasporas, South Africa, and is based Energy Plc. Nigeria, Dr. Andrew S. Nervin, This is what we should do. It and the sea level is rising. like India and China have been on data published by 382 during a webinar organised will not only reduce our debt CEO of Economic Associates doing, and earn big to remit Continued on page 8 by the Lagos Chamber of and the cost of servicing them, Commerce and Industry (LCCI), it will also increase the overall in collaboration with PwC. efficiency of the economy.” The seminar was titled, Oyodele also said Nigeria CBN Recovers N89.2bn from Commercial “2021 Mid-Year Economic should be leading the African and Business Outlook.” Continental Free Trade Area Banks over Customers’ Complaints The advice came as a new (AfCFTA) negotiation as the report by PwC disclosed that largest economy in Africa Bassey Inyang in Calabar irregular charges, and other the system. There is nothing like adverse effects of COVID-19 Chief Executive Officers (CEOs) “We complain over poor related matters. that. on the livelihood of the of Nigerian-listed companies infrastructure, but Nigeria The Governor of the Central Bank "What we do is that whenever "We want Nigerians to know people; we also tackled health were among sub-Saharan is largely a service-driven of Nigeria (CBN), Mr. Godwin we get these complaints they are that there is no iota of truth infrastructure, we considered Emefiele, has disclosed that as thoroughly investigated and if whatsoever in these rumours," research components, and all Africa’s highest earners. economy and should be of June 2021, the regulator has they are found to be true, the Emefiele said. these and more were based on The federal government more concerned about how to recovered about N89.2 billion CBN makes sure that these He said the sensitisation gaps identified and an effort to recently approved $1.484 billion improve services and export from commercial banks in the customers are properly refunded exercise was also designed to rejig the economy,” he added. for the rehabilitation of the them to the rest of Africa,” he country following investigations and we have so far recovered make members of the public The CBN Governor also Warri and Kaduna refineries. stated. and verified complaints from N89 billion," Emefiele said. understand how CBN polices spoke on the proposed digital But Oyedele said the He added, “The top import customers of affected banks. The CBN governor also and interventions were affecting currency, stressing that it is government should be more in Africa is petroleum products.