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Newspaper Headlines: Rich Nigerians deposit stashed cash in banks amid naira redesign

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
November 5, 2022 8:24 am

Reports on the interim forfeiture of some properties belonging to Ike Ekweremadu, former deputy senate president, dominated the cover pages of Nigerian newspapers.

Saturday Punch reports that wealthy Nigerians and organisations with huge cash at hand have started depositing them to banks owing to the redesign of the naira notes. The newspaper says the US court will sentence Ramon Abbas, a self-confessed international fraudster, popularly known as Hushpuppi, on Monday.
The Nation says a court has granted the interim forfeiture of 40 landed properties belonging to Ekweremadu over alleged money laundering. The newspaper reports that the Academic Staff Union of Universities (ASUU) has bemoaned the decision of the federal government to pay them half salary for the month of October.
Daily Sun says Nyesom Wike, governor of Rivers, and four other aggrieved governors in the Peoples Democratic Party (PDP) may finally take a position on the presidential candidate to support in the 2023 elections. The newspaper says 1,426,509 people in some states in Southern Nigerian have been rendered homeless by floods
The Guardian says fear of ethnic and religious prejudices, inadequate equipment and hoarding of vacancies have been blamed for the inability of the south-east zone to meet its quota in the ongoing recruitment exercise in the Nigerian army. The newspaper reports that the Independent National Electoral Commission (INEC) has assured Nigerians that it will not postpone the 2023 elections on the grounds of logistics.
Saturday Vanguard says Nasir el-Rufai, governor of Kaduna, reports that insurgency threatens the conduct of the 2023 elections and population census. The newspaper reports that Wike has increased the number of his political aides to 200,000.

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