Newspaper Headlines: FG may lose N7.58trn to contract disputes

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Newspaper Headlines: FG may lose N7.58trn to contract disputes

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September 12, 2022

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Reports on the imminent legal battle between the federal government and the Academic Staff Union of Universities (ASUU) dominated the cover pages or Nigerian newspapers.

The Punch says the federal government may lose N7.58 trillion to contract disputes and damages if the court awards the compensation claims filed by local and foreign companies. The newspaper says senior advocates of Nigeria and professors of law are set to defend the Academic Staff Union of Universities (ASUU) at the national industrial court.

The Nation says Nigeria’s debt stock has hit N45.25 trillion. The newspaper reports that the number of supreme court justices has dropped to 13 following the retirement of Abdu Aboki, a judge.

Daily Trust reports that a new pension scheme which provides life pension for head of civil service of the federation and permanent secretaries upsets Nigeria’s contributory pension scheme. The newspaper says the Department of State Services (DSS) has disclosed that the outcome of its investigation on Tukur Mamu, Kaduna train hostage negotiator, is mind-boggling.

Daily Independent says the Central Bank of Nigeria (CBN) has kicked against the excess charges and illegal deduction of commercial banks. The newspaper reports that most foreign airlines are yet to have access to their trapped funds.

Daily Sun reports that Catholic bishops have directed that churches should beef up security owing to rising insecurity. The newspaper says Ifeanyi Ubah, senator representing Anambra south senatorial district, escaped death following an attack on his convoy in Anambra.

Source: Top Stories