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Newspaper Headlines: Bank CEOs under probe over N1.27trn intervention funds

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
October 9, 2023 7:00 am

Reports on the ongoing conflict between Israel and Hamas, and discussions on a new wage award for workers, dominate the cover pages of Nigerian newspapers.

The Punch reports that the chief executive officers and top management staff of banks may be probed during the ongoing investigation of the activities of the Central Bank of Nigeria (CBN). The newspaper says state governments have commenced talks with labour leaders over a N35,000 wage award.
The Nation reports that the federal government is targeting five million jobs for youths in five years. The newspaper says Abdulrahman Abdulrazaq, governor of Kwara, has called on the federal government to expedite action on the dredging of River Niger/Benue to halt the annual flooding.
The Guardian reports that Nigeria may have to deal with another energy crisis that may force the government to spend N644 billion on petrol subsidy, if the ongoing conflict between Israel and Palestine escalates. The newspaper quotes President Bola Tinubu as saying that the Ajaokuta steel complex will provide 500,000 jobs upon completion.
Daily Independent reports that insider abuse and technology have been identified as the major elements enabling and aiding fraud in banks. The newspaper says the Independent National Electoral Commission (INEC) has expressed worries over violence in the November governorship election in Bayelsa, Imo, and Kogi states.
Daily Sun reports that the federal government is at a crossroads over the rising cost of petrol. The newspaper says seven million unmetered customers risk disconnection.

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