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Newspaper Headlines: VCs, rectors allege extortion by lawmakers over TETFund interventions

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
February 10, 2024 6:40 am

Reports on the depreciation of the naira, threats by labour unions to go on strike, and the money laundering allegation against the wife of Godwin Emefiele, dominated the cover pages of Nigerian newspapers.

The Punch reports that the Economic and Financial Crimes Commission (EFCC) has declared Margaret Emefiele, wife of Godwin Emefiele, the former governor of the Central Bank of Nigeria, wanted for alleged money laundering. The newspaper says members of the National Association of Nigeria Nurses and Midwives are threatening a showdown with the Nursing and Midwifery Council of Nigeria over the new guidelines for verification of certificates.
Daily Trust reports that some vice-chancellors of Nigerian universities, rectors of polytechnics and provosts of colleges of education have cried out over alleged extortion by the house of representatives committee on Tertiary Education Trust Fund (TETFund). The newspaper says some youths in Osun state have staged a protest over the rising cost of living in the country.
The Guardian reports that Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has blamed the insatiable appetite of Nigerians for dollars and foreign goods as the reason behind the depreciation of the naira. The newspaper says the Nigerian Electricity Regulatory Commission (NERC) will deduct N10.5 billion from the accounts of the 11 distribution companies (DisCos) operating in the country over arbitrary billing of unmetered customers.
THISDAY reports that the Nigerian Autonomous Foreign Exchange Market (NAFEM) recorded a total transaction volume of $1.83 billion in one week, indicating an increase in foreign exchange activities. The federal government said it has shown good faith in implementing the agreement signed with the labour unions in the country, the newspaper says.

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