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27092018 - Banks, fuel supply crippled as Labour strike begins

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Vanguard Newspaper 27 September 2018

27092018 - Banks, fuel supply crippled as Labour strike

APC PRIMARIES: Oshiomhole reads riot act to state excos Obasanjo’s son spurns dad, backs Buhari for second term 8 8 RECALL OF .7BN PARIS CLUB REFUND: Govs resolve to use fund for salaries 8 14 Fidelity Bank records N13bn profit in H1' 18 VOL. 26: NO. 63646 THURSDAY, SEPTEMBER 27, 2018 Banks, fuel supply crippled as Labour strike beginsBy Victor Ahiuma- •14-day ultimatum didn't get to me, says Labour minister Young, Mike Eboh, •Strike could trigger another recession, say experts, OPS Johnbosco Agbakwuru, Peter •React to CBN's alarm on economy Egwuatu, Godwin Oritse, Yinka APC TEAM WOOS OMISORE Kolawole, Nkiruka Nnorom, Rosemary Onuoha & Naomi Uzor LAGOS — Distribution of petroleum products, banking and other essential services will be grounded from today as workers in the petroleum, financial, maritime and other sectors of the economy begin a nationwide strike as directed by organized labour. This is even as stakeholders in the organized private sector Continues on Page 5 From left: Governors Abiola Ajumobi of Oyo State and Mohammed Badaru of Jigawa; Governor-elect of Ekiti State, Kayode Fayemi; APC National Chairman, Adams Oshiomhole; the SDP candidate in last Saturday’s election in Osun, Iyiola Omisore; Governors Abdullahi Ganduje of Kano State; Amosun of Ogun; Deputy Speaker, House of Representatives, Yusuf Lasun; and Minister of Information and Culture, Lai Mohammed, after a meeting between Omisore and an APC team led by Oshiomhole, in Osogbo, yesterday, where Omisore agreed to work with the APC in today's re-run. SEE STORY ON PAGE 37. From left: Former CEO, Deposit Protection Corporation of Zimbabwe, John Chikura; new Chairperson of Africa Regional Committee of IADI and NDIC MD/CEO, Umaru Ibrahim and Vice Chairperson/CEO, Kenya Deposit Insurance Corporation (KDIC), Mohamud A. Mohamud, during the opening ceremony of the 2018 IADI- ARC AGM and Technical Assistance workshop in Lagos, yesterday. COLUMNISTS AMAECHI 48 GAMBO DORI 17 CBN revokes licenses of 182 19 financial institutions LAGOS 2019: I’m ready for primary— Ambode •It’s a welcome devt — Sanwo-Olu’s camp 10 ADAMU 17 Naira down to N359.57/$ in parallel market 41 Mr & Mrs

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