Newspaper Headlines: Rich Nigerians deposit stashed cash in banks amid naira redesign | TheCable

Saturday Punch reports that wealthy Nigerians and organisations with huge cash at hand have started depositing them to banks owing to the redesign of the naira notes. The newspaper says the US court will sentence Ramon Abbas, a self-confessed international fraudster, popularly known as Hushpuppi, on Monday.

The Nation says a court has granted the interim forfeiture of 40 landed properties belonging to Ekweremadu over alleged money laundering. The newspaper reports that the Academic Staff Union of Universities has bemoaned the decision of the federal government to pay them half salary for the month of October.

Daily Sun says Nyesom Wike, governor of Rivers, and four other aggrieved governors in the Peoples Democratic Party may finally take a position on the presidential candidate to support in the 2023 elections. The newspaper says 1,426,509 people in some states in Southern Nigerian have been rendered homeless by floods

The Guardian says fear of ethnic and religious prejudices, inadequate equipment and hoarding of vacancies have been blamed for the inability of the south-east zone to meet its quota in the ongoing recruitment exercise in the Nigerian army. The newspaper reports that the Independent National Electoral Commission has assured Nigerians that it will not postpone the 2023 elections on the grounds of logistics.

Saturday Vanguard says Nasir el-Rufai, governor of Kaduna, reports that insurgency threatens the conduct of the 2023 elections and population census. The newspaper reports that Wike has increased the number of his political aides to 200,000.

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New naira: Rich Nigerians deposit bales of cash in banksDays after the Central Bank of Nigeria announced the redesign of the N1,000, N500 and N200 notes, with a directive that the current notes be remitted to the commercial banks, wealthy individuals and organisations with huge cash stashed away have begun depositing them, Saturday PUNCH can report. No questions asked. What a wow Plz not rich Nigerians instead corrupt politicians with money looted from public funds uh...from where I mean🫠
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Newspaper Headlines: Three governors on EFCC watch list over stashed billions | TheCableReports on the country's economy, especially the issue of naira depreciation, dominated the cover pages of Nigerian newspapers. officialEFCC Hope Gov Wike no go dey there?
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Redesigning naira notes will plunge Nigerians into economic crisis - Group to FGA coalition of over 73 civil society organisations in Northern Nigeria under the auspices of Concerned Northern Forum (CNF), has opined that the move, as That is a lie. Nigeria economy will rather improve. So, looters should bring out our stole money.
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