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Newspaper Headline: Reps begin probe of N413bn subsidy fund borrowed from CBN

byAyomikunle Daramola
June 2, 2023 7:30 am

The end of the petrol subsidy regime and the economic impact on the people – takes the front seat in the national dailies today. The meeting of the president with service chiefs also takes a similar, obvious role.

Punch reports that Mele Kyari, the CEO of the Nigerian National Petroleum Company Limited, said local production of Premium Motor Spirit (PMS) by the Dangote and Port Harcourt refineries, is not going to change the pump price of the commodity. The newspaper says a policeman was arraigned in court for defrauding a businessman of N128 million.
The Nation reports that President Bola Ahmed Tinubu demanded centralised coordination of security architecture in a meeting with security chiefs. The newspaper says the presidential election tribunal chided Peter Obi’s legal team for time wasting.
Guardian says the Nigeria Labour Congress (NLC) debunked plans of a strike action on Friday over the removal of petrol subsidy. The newspaper reports that the Economic and Financial Crimes Commission (EFCC) has withdrawn charges against Abdulsalam Zaura, the former Kano central senatorial candidate of APC.
Daily Trust reports that President Tinubu has given the security chiefs a new template to work with. The newspaper says that the house of representatives ad hoc committee has launched an investigation into the N413 billion funds borrowed from the CBN for subsidy payments.
Sun reports that Peter Mbah, governor of Enugu, has declared an end to sit-at-home in the state effective from June 6. The newspaper says that the former senators in APC called on Orji Kalu and Abdulaziz Yari, who are contesting for the office of senate president, to respect party supremacy.

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