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The Senate on resumption from its two-week Easter break suspended plenary in honour of its member, the late Mustapha Bukar who died on April 4. Until his death, Bukar, 63, represented Katsina North Senatorial District in the Red Chamber and was Chairman Committee on Capital Market.

Leader of the Senate, Ahmed Lawan, moved a motion for suspension of plenary. A minute silence led by the President of the Senate Dr Bukola Saraki was observed for the deceased. Saraki, thereafter, said a valedictory service would be held on Wednesday in honour of their deceased colleague who served the country immensely.“It is a great loss,” Saraki said.

In separate interview, Sen. Abu Ibrahim (APC-Katina South) said every life will test death.“We are in this world as actors on stage: we come and do our action and leave.“He was a prominent politician, a well known person, he was my in-law, my son is married to his daughter, he was a highly respected person,” he said.

Similarly, Sen. Victor Umeh (APGA-Anambra) prayed God to “spare the National Assembly of these deaths.”“We carry a lot of stress, a lot of problems of Nigerians here.“These sudden deaths are signs that those who are in the National Assembly to take things easy.“Nigerians should pray for the members of the National Assembly,” he said.

Meanwhile, President Muhammadu Buhari in a letter to the Senate dated April 4, 2018 said “I was saddened to receive the news of the deaths of Senators Ali Wakili and Mustapha Bukar”. He said their various contributions to the Senate deliberations and the wider democratic process in the country had been of immense values.“Please accept Mr Senate President, the expression of my deepest sympathy, Bugatti said.

BIG STORY

Polaris Bank Takes Over Skye Bank, CBN Assures Depositors Of Cash Safety

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Following the withdrawal of the operating licence of Skye Bank Plc, the Central Bank of Nigeria (CBN), in consultation with the Nigerian Deposit Insurance Corporation (NDIC), has established a bridge bank known as Polaris Bank, to assume the assets and liabilities of the defunct bank.

CBN Governor, Mr. Godwin Emefiele, who disclosed this on Friday, said the strategy was for the Asset Management Company of Nigeria (AMCON) to capitalise the bridge bank and begin the process of sourcing investors to buy out AMCON.

“By this decision, the licence of the defunct Skye Bank is hereby revoked.

We wish to assure all depositors that under this arrangement, their deposits shall remain safe and that normal banking services shall continue in the new bank on Monday, 24th September 2018, to enable customers to transact their businesses seamlessly.

“Thus, all customers of Skye Bank shall be automatic customers of the new bank and their accounts and records duly purchased by Polaris Bank,” Emefiele explained.

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BIG STORY

BREAKING: CBN Revokes Skye Bank’s Operational Licence

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The Central Bank of Nigeria has withdrawn the operating licence of Skye Bank, The Cable reports.

Umar Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists on Friday.

More details will be provided shortly…

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BIG STORY

Osun Guber: Don’t Kill Yourselves Over Who Becomes Governor, Only God Gives Power — Ooni Of Ife

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The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has warned youths against political violence before, during and after the Osun gubernatorial election coming up on Saturday.

Oba Ogunwusi gave the warning during the courtesy visit of the Social Democratic Party (SDP) gubernatorial candidate, Sen. Iyiola Omisore to his Palace, on Thursday, in Ile-Ife.

He said: “It is only Almighty Allah that has the power to elevate whoever He wants to the post. For He is in Heaven doing what pleases Him”.

According to him, people don’t need to fight each other over getting to a post, but should rather allow God’s will to come into perfection.

The royal father, therefore, appealed to all and sundry to maintain peaceful coexistence in the forthcoming election, saying there is no gain in blood shedding.

Earlier, Omisore lauded the Ooni for his fatherly role and for supporting his aspirations to rule the state.

Omisore also thanked Ife and Osun indigenes, for rallying around him in his campaign and appealed to all and sundry to support him by casting their votes for him during the election.

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