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Newspaper Headlines: Currency hawkers, VIPs mop up new naira notes

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
December 17, 2022 6:53 am

Concerns about recurring attacks on the offices of the Independent National Electoral Commission (INEC) dominated the cover pages of Nigerian newspapers.

Saturday Punch reports that partygoers, high net-worth customers and currency traffickers are mopping up the new naira notes from commercial banks. The newspaper says Usman Baba, inspector-general of police, has accused politicians and other prominent personalities of being responsible for the recent attacks on INEC offices.
The Nation says confusion, scarcity and rejection have trailed the issuance of the new naira notes by the Central Bank of Nigeria (CBN). The newspaper reports that the Osun assembly has commenced an investigation into the N407.32 billion debt of the state.
Daily Trust reports that the supreme court is currently grappling with 6,884 delayed cases. The newspaper says 437 Nigerians have been repatriated from the Niger Republic and India.
THISDAY reports that Nigeria and United States’ largest renewable energy company operating in Africa, Sun Africa LLC, have signed a $10 billion agreement for the supply of clean and reliable power to more than 30 million people in Nigeria. The newspaper says the Central Bank of Nigeria (CBN) said allegations that stamp duty collection amounting to N89 trillion was unaccounted for by the bank were unfounded.
Daily Sun reports that Ifeanyi Okowa, vice-presidential candidate of the Peoples Democratic Party (PDP), has been mandated to lead the fresh reconciliation moves with the five aggrieved governors of the party. The newspaper says the Nigeria Extractive Industries Transparency Initiative (NEITI) disclosed that the federal government lost $46.16 billion to oil theft in 11 years.

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