S.J News• [July 27, 2011]

S.J News• [July 27, 2011]• http://sjnewss.blogspot.com/ Single Tenure: President Jonathan to send Constitution amendment Bill seeking single tenure for President & 36 state Govs; Plan not self-serving, to kick-off 2015 -Dr Reuben Abati (SA on Media & Publicity). CBN Interest Rate: Central Bank of Nigeria (CBN) raises Monetary Policy Rate (MPR) 4rm 8% to 8.75% (75 basis points increase); Raised 4rm 7.5% to 8% in May; 6.5% to 7.5% in March (100 basis points increase). EFCC v Lawal: Dr Hassan Lawal (erstwhile Minister of Works) begs Federal High court, Abuja to quash charges (29-count for connivance with 8 persons to launder over N75.5bn & 9-count charge for N45bn scam with Adesanya Adewole). CBN Policy: Endorsement by House of Reps on Islamic banking & Cash withdrawal limit policies proposed by the Central Bank of Nigeria (CBN) not true -Opeyemi Bamidele (Chairman, ad hoc committee on Media & Publicity). Osun State Executive Council: Gov Rauf Aregbesola (Osun) to present cabinet members to State House of Assembly 2moro after 7months of assumption of office. Ondo Monarch Sacked: High court, Akure dethroned Oba Yisa Olanipekun (Zaki of Arigidi Akoko) on Tuesday; Monarch forbade 4rm addressing self as monarch of agrarian community. Rivers Aircraft: Rivers state not buying new aircraft but to trade old aircraft for new one due to safety reasons -Gov Rotimi Amaechi (Rivers). Minimum Wage: Kwara state Govt to implement new N18,000 minimum wage by August 25; Additional N250m required for implementation -Dabarako Mohammed (Head of Service). Top 1,000 World Banks: 9 Nigerian banks make list; Zenith bank (296), First Bank (310), GTB (444), Access Bank (495), UBA (513), Fidelity Bank (567), FCMB (586), Diamond Bank (650) & Skye Bank (657); 9 banks make Africa's Top 25.