Newspaper Headlines: EFCC raids BDCs in Abuja, Lagos to curb naira speculation

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Newspaper Headlines: EFCC raids BDCs in Abuja, Lagos to curb naira speculation

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November 3, 2022

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The clampdown on bureau de change operators by the Economic and Financial Crimes Commission (EFCC) amid naira depreciation dominated the cover pages of Nigerian newspapers.

The Nation says Bola Tinubu, presidential candidate of the All Progressives Congress(APC), said his party is unbeatable in Lagos. The newspaper reports that the federal government has announced its plan to avert food shortage in the country.

The Punch says EFCC has arrested 87 bureau de change operators in Abuja and Lagos amid naira depreciation. The newspaper reports that the federal government has approved N506 billion for the rehabilitation of the east-west road, which was destroyed by flood.

Daily Trust reports that Peter Obi, presidential candidate of the Labour Party, said he would dialogue with the members of the proscribed Indigenous People of Biafra (IPOB) and other agitators if elected president. The newspaper says the federal government is set to establish a N3.5 billion space museum in Abuja.

THISDAY says Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has hit back at Kashim Shettima, APC vice-presidential candidate, over the latter’s recent comments. The newspaper reports that PDP has dragged APC to court over alleged unlawful convention.

The Guardian says the crisis in Afenifere, the Yoruba socio-cultural group, has taken another dimension as Reuben Fasoranti, leader of the group, moved to assume control despite handing over to Ayo Adebanjo. The newspaper reports that Godwin Obaseki, governor of Edo, said the decision of the Central Bank of Nigeria (CBN) to redesign naira notes is purely political.

Source: Top Stories