Newspaper Headlines: CBN, EFCC to track large cash withdrawals
The controversy over the $418 million Paris Club consultancy fee and the proposed sale of power plants dominated the cover pages of Nigerian newspapers. Source: Top Stories
Panic in Zamfara communities as ‘bandits demand over N60m as peace deal levy’
Bandits have reportedly imposed a “compensation levy” of varying amounts on some communities in Zurmi LGA of Zamfara. Speaking with TheCable on Tuesday, Aliyu Buhari, a resident of Moriki, one of the communities in Zurmi LGA, said the bandits had, through released captives, demanded that they be paid the levy before residents will […]
We hope to reconcile key PDP leaders, says Okowa after meeting with Obaseki, Udom, Diri
Four governors on the platform of the Peoples Democratic Party (PDP), on Wednesday, met in Bayelsa to discuss “issues of urgent national interest”. The governors at the Wednesday meeting are Ifeanyi Okowa of Delta, Godwin Obaseki of Edo, Duoye Diri of Bayelsa, and Udom Emmanuel of Akwa Ibom. In a post on […]
‘Political rascality’– Afe Babalola, Olanipekun, Falana fault removal of Ekiti speaker
Seven senior advocates of Nigeria (SAN) have condemned the impeachment of Gboyega Aribisogan, former speaker of the state house of assembly. Aribisogan was removed from his position and suspended indefinitely on Monday after spending only six days in office. Hours after he was sworn in, the police laid siege to the assembly complex […]
Sowore: Nigerians will beg me to stay beyond second term if I become president
Omoyele Sowore, the presidential candidate of the African Action Congress (AAC), says Nigerians will beg him to stay beyond the constitutional limit of two terms in office if he becomes president. Sowore spoke on Wednesday during an interview on Channels Television. Speaking on the naira redesign, Sowore said the funds used for […]
Inflation: We’ll soon reduce volume of N500, N1000 in circulation, says Emefiele
The Central Bank of Nigeria (CBN) says it is planning to reduce the volume of higher denominations — N500 and N1000 — in circulation to tame inflation. Godwin Emefiele, governor of CBN, said this on Tuesday while fielding questions from journalists at the monetary policy committee (MPC) meeting in Abuja. Emefiele said […]
NGF: Only court will decide $418m Paris Club refund, power plants’ sale
The Nigeria Governors’ Forum (NGF) has resolved to sustain legal action against the disbursement of $418 million Paris Club refund and promissory notes issued to consultants by the federal ministry of finance and the Debt Management Office (DMO). In a communique released after its 8th teleconference meeting in Abuja on Tuesday, Aminu Tambuwal, […]
$1bn looted funds recovered since 2015, says FG
The federal government says $1 billion in looted funds have been recovered so far by the administration of President Muhammadu Buhari. Abubakar Malami, the attorney-general of the federation (AGF), made the announcement on Wednesday. He spoke while briefing state house correspondents after the federal executive council (FEC) meeting at the presidential villa, […]
Appeal court upholds nullification of Zamfara PDP guber primary
The appeal court sitting in Sokoto has dismissed the suit filed by the Peoples Democratic Party (PDP) challenging the judgment that nullified the election of Dauda Lawal as the Zamfara governorship candidate. Lawal Shu’aibu, the presiding judge, on Wednesday, said the suit filed by the PDP lacks merit. On May 26, Lawal […]
LP campaign: Our aircraft grounded by ‘powers that be’ ahead of Oyo rally
The Labour Party (LP) campaign organisation says the aircraft it was meant to take for a rally in Oyo state was grounded by the “powers that be”. Peter Obi, presidential candidate of the LP, and his entourage were heading to Ibadan, the Oyo state capital, from the Nnamdi Azikiwe International Airport in Abuja […]