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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

NNPC

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.

NNPC

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.

front page Monday, November 2, 2015

The Nation front page Monday, November 2, 2015

Also, following the screening and the recent confirmation of the former River state governor, Rotimi Amaechi, there have been continuous verbal attacks between the ruling and former ruling parties.

 

According to the Daily Sun, the chairman of the PDP Riv­ers state chapter, Chief Felix Obuah, said that the confirmation of ministerial nomination of Amaechi by the All Progressives Congress senators was an official en­dorsement of corruption and gross abuse of democracy.

 

Obuah noted that Amaechi’s confirmation despite allegation of fraud as contained in the Justice George Omereji led–Judicial commis­sion of Inquiry and the govern­ment white paper which in­dicted him, was shocking.

 

front page Monday, November 2, 2015

Daily Sun front page Monday, November 2, 2015

Talking about ministerial nominations, The Guardian also has its major headline on that issue. From Discordant Tunes Trail Buhari’s Plan For ‘Ministers Without Portfolios’ as its major focus, the paper reports that as Nigerians await President Buhari’s allocation of portfolios to his ministers-designate already confirmed by the Senate, opinions are divided over the likelihood that some of them may be without portfolios.

The President had, in New Delhi, India, on Thursday, said the economy was not buoyant enough to pay the huge wage bill so many ministers would entail

front page Monday, November 2, 2015

The Guardian front page Monday, November 2, 2015

SOURCE:NAIJ

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