Newspaper Headlines: FG seizes 14 assets linked to DCP Abba Kyari

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Newspaper Headlines: FG seizes 14 assets linked to DCP Abba Kyari

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September 5, 2022

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The controversy over payment of petrol subsidy and Nigeria’s daily petrol consumption dominated the cover pages of Nigerian newspapers.

The Nation says Nigerian National Petroleum Company (NNPC) Limited said without subsidy, petrol will sell for N462 per litre. The newspaper reports that Usman Baba, inspector-general of police, has told the US government that there is no threat to the 2023 elections.

The Punch says the federal government has uncovered 14 assets, including shopping malls, residential estate, polo playground and landed property linked Abba Kyari, suspended deputy commissioner of police. The newspaper reports the NNPC has defended the 68 million litres of petrol daily consumption in Nigeria.

Daily Independent says banks and major retailers have united against the adoption of the eNaira. The newspaper reports that nine persons have been confirmed dead and 10 others injured in an auto crash on Yangoji-Abaji road in Abuja.

Daily Sun says Iyorchia Ayu, national chairman of the Peoples Democratic Party (PDP), is currently battling against his removal as more party stakeholders are plotting against him. The newspaper reports that the NNPC has offered to submit itself to a forensic audit of fuel supply and subsidy management.

The Guardian says the Asset Management Corporation of Nigeria (AMCON) is on the verge of losing the money spent repurchasing toxic assets from troubled banks and other entities. Vice-President Yemi Osinbajo said debt-for-climate projects swap deal will lighten Nigeria’s debt burden, the newspaper reports.

Source: Top Stories