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Newspaper Headlines: Banks begin deduction of loans from accounts of chronic debtors

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
November 1, 2021 7:39 am

The aftermath of the national convention of the Peoples Democratic Party (PDP) dominated the cover pages of Nigerian newspapers.

The Punch reports that Nigeria has lost N898.93 billion to pipeline vandalism and theft in nine months. The newspaper says banks have commenced the deduction of loans of the accounts of chronic debtors.
Daily Independent says prices of food items are skyrocketing despite a decline in headline inflation. The newspaper reports that PDP has sent a strong message to the All Progressives Congress (APC) on its readiness to take over power in 2023.
The Nation reports PDP governors are strategically planning to produce the next presidential candidate of the party, in a deft move against some candidates. The newspaper says the Central Bank of Nigeria (CBN) has unveiled the criteria for the funding of 100 firms in 100 days.
The Daily Sun reports that the Northern Elders Forum (NEF) says the north will back a credible candidate in the 2023 presidential election. The newspaper also reports how the PDP governors shared the national working committee positions of the party.
The Guardian reports that Nigerians are waiting for the federal government and Twitter to reach a pact after 150 days of the ban of the microblogging platform. The newspaper says Nyesom Wike, governor of Rivers, has issued a 48-day ultimatum to the federal government to reveal the identities of those who invaded the residence of Mary Odili, justice of the supreme court.

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