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10 top stories from Nigerian newspapers Tuesday morning, October 8, 2019

Top 10 stories from Nigerian newspapers

These 10 top stories from Nigerian newspapers will make your Tuesday morning.

1. Buhari says few individuals keeping bulk of Nigeria’s wealth

President Muhammadu Buhari said on Monday that a significant proportion of Nigeria’s wealth is concentrated in the hands of a few people. He said the few individuals currently live in four or five states and the Federal Capital Territory. President Buhari disclosed this at the opening session of the 25th Nigerian Economic Summit held in Abuja.

2. Emir of Kano Sanusi raises concern over Nigeria’s growing population

The Emir of Kano, Muhammadu Sanusi (II) has raised serious concerns over Nigeria’s growing population and its implications on internal migration, sustainable peace and security. The Emir who was speaking on Monday during a panel session of the 25th Nigerian Economic Summit currently holding in Abuja, which also had the attendance of the founder of the Kukah Centre, Bishop Mathew Kukah, said that the potentials of the country’s huge population had yet to be tapped.

3. UNILAG shuts ‘cold room’, suspends lecturer after documentary sparks new #sexforgrades scandal

The management of the University of Lagos on Monday shut down the “Cold Room,” where lecturers allegedly sexually harass students. The Principal Assistant Registrar, Communication Unit at the UNILAG, Taiwo Oloyede disclosed this in a statement. The “Cold Room” was reportedly mentioned by a lecturer of the institution, Boniface Igbeneghu, who was caught on video sexually harassing an undercover journalist who posed as an admission seeker. In a documentary aired by the British Broadcasting Corporation (BBC), the randy university don described the secret place where lecturers meet to “touch students’ breasts” at the staff club of the university.

4. Did N900m truly turn into paper in EFCC custody? The anti-graft agency reacts

The Economic and Financial Crimes Commission (EFCC) has dispelled rumours claiming that about N900million in its custody turned into paper. In a series of tweets on Monday, the anti-graft agency said the huge sum of naira notes were subject of prosecution at an Ibadan Federal High Court.

5. INSECURITY: Southwest states to begin regional patrol with 100 vehicles

A regional patrol to curb insecurity in the Southwest geopolitical zone is set to kick off with the donation of 20 vehicles per state by five states in the zone, Governor Dapo Abiodun has said. According to a statement on Monday, the governor stated this during a fundraising for Ogun State’s Security Trust Fund in Abeokuta, the state capital, adding the five states have concluded plans for the donation of the patrol vehicles to their proposed regional security outfit, Amotekun. The Ogun State governor further disclosed that the joint patrol team was to ensure the security of the entire South-West region.

Read also: 10 top stories from Nigerian newspapers Monday morning, October 7, 2019

6. Wealthy Nigerians to feel impact of VAT increase more – Ahmed

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday said the planned increase of Value Added Tax (VAT) in the country will impact more on consumption by urban communities and the wealthier sections of the population. Ahmed stated this at the 25th Nigerian Economic Summit in Abuja on Monday, explaining that the proposed tax increase would not affect the poor masses as perceived by some people.

7. Edo, Ekiti, two others to acquire Nigerian government’s 40% stake in power firm

The Chairman of the Nigerian Governors’ Forum (NGF), Dr. Kayode Fayemi, disclosed on Monday that four states – Edo, Delta, Ekiti, and Ondo – are in talks to acquire the Federal Government’s 40 percent stake in the Benin Electricity Distribution Company, (BEDC). Speaking at the NGF/Nigerian Economic Summit Group (NESG) Roundtable at the 25th Nigerian Economic Summit with the theme: ‘Sustaining Sub-National Competitiveness,’ Fayemi said the governors’ decision to acquire the Federal Government’s stake in the electricity firm was because the current operators are not investing in assets upgrade.

8. Kaduna: Kidnappers of Engravers students increase ransom

Abductors of female students and staff of Engravers College, Kaduna State have insisted on the payment of N10 million each as ransom for the six students and two staff of school. The yet to be identified gunmen had, in the early hours of Thursday last week, stormed the Engravers College and whisked away six female students and two other staff resident in the school to an unknown destination.

9. Court orders forfeiture of Invictus Obi’s N280.5m

Obinawanne Okeke, aka Invictus Obi, the alleged leader of a cyber crime syndicate may lose a large chunk of money to the Federal Government as a Federal High Court sitting in Lagos has ordered the temporary forfeiture of N280,555,010.65 “warehoused” in the bank accounts of Invictus Oil and Gas Limited and Invictus Investment Limited. The Economic and Financial Crimes Commission (EFCC) had on Monday, in an ex parte application, told the court that the two firms were owned by Obinwanne Okeke, who is believed to be “a strong leader of a cyber crime syndicate that specialised in business e-mail compromise.”

10. 17-yr-old sales girl raped to death in Benin City

A 17-year-old salesgirl, Peace Onaiwu, was on Monday discovered dead inside her shop located at Uwasota Junction, Ugbowo, Benin City after she was allegedly raped to death by yet-to-be known assailants. The late Onaiwu’s body was found in the shop at 4.55pm with her panties pulled aside while her head was covered with a black cellophane bag.

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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