Nigeria, NNPC Lose N120bn In Two Months
The major issues of focus today Monday, November 2, in the Nigerian daily newspapers are on the loss of a whopping N120 billion in two months, why anti-graft agencies fail in probes, ministerial portfolios and the continuous fight between the two giant parties in the country.
Nigeria, NNPC Lose N120bn In Two Months?? With the headline: NNPC Loses N120bn in Two Months, The Punch reports that the corporation’s latest financial report has shown that the Nigerian National Petroleum Corporation incurred a total loss of N120.07bn in the months of August and September,
The report says that the corporation incurred losses of N60.67bn and N59.4bn in August and September, respectively.
It specifically stated that the national oil firm’s revenue in August was N146.617bn, while its expenses were put at N207.287bn
The Punch front page Monday, November 2, 2015
For Vanguard newspaper, the major headline is on the statement made by the Chief Justice of Nigeria (CJN) captioned as: EFCC, ICPC, Others Bungle Crime Cases.
It reports that the CJN, Justice Mahmud Mohammed, revealed why anti-graft agencies in the country often fail to successfully prosecute high profile criminal cases.
According to the CJN, aside the fact that the agencies conduct shoddy investigations before rushing accused persons to court, in some cases, up to 200-count charges are brought before the court, a procedure which he said makes mockery of the constitution and the laws.
Vanguard front page Monday, November 2, 2015
Also looking at The Nation newspaper, its major headline is – Buhari: PDP Government Ruined Economy for Personal Gain.
President Muhammadu Buhari on Sunday night, November 1, lambasted the immediate past president Goodluck Jonathan-led Peoples Democratic Party administration for wrecking the economy for “personal gain”.
The president in a statement through his spokesman, Femi Adesina, denied PDP’s claim that he was “de-marketing” Nigeria with his public speeches on corruption by former public officials, saying he won’t lie to cover up the truth.
The Nation front page Monday, November 2, 2015