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Newspaper Headlines: Subscribers kick as telcos seek FG’s nod to increase tariffs

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
January 5, 2024 7:00 am

The raid on the headquarters of Dangote Industries Limited in Ikoyi, Lagos by the Economic and Financial Crimes Commission (EFCC), dominates the cover pages of Nigerian newspapers.

The Punch reports that EFCC operatives raided the headquarters of Dangote Industries Limited in Ikoyi, Lagos, over the ongoing investigation of alleged abuse of foreign exchange allocation by Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). The newspaper says the federal government has released N108.5 billion out of the N217 billion set aside for the emergency repairs of 260 roads across the country.
The Nation reports that EFCC has issued a three-day ultimatum to Sadiya Umar Farouq, the former minister of humanitarian affairs, to appear at the agency’s headquarters in Abuja. The newspaper says the National Universities Commission (NUC) has listed 58 illegal universities operating in Nigeria.
The Guardian reports that EFCC is investigating the National Social Investment Programme Agency (NSIPA) and some companies over forex allocation abuse. The newspaper says Ehie Edison, an ally of Siminalayi Fubara, governor of Rivers, has withdrawn his suit against 25 lawmakers of the state assembly.
Daily Trust reports that Nigerians are still buying cooking gas for N1,100 per kilogram one month after the federal government promised to crash the price of the product. The newspaper says telecommunications services’ subscribers may soon start paying higher for calls and data as operators seek federal government’s approval for increase in data and call tariffs.
THISDAY reports that EFCC is investigating scores of top companies over the forex allocations in 10 years. The federal government says Nigerian electricity companies are short of an estimated N2 trillion or about $2.5 billion in capital to improve power supply to Nigerians, the newspaper reports. 

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