Punch Newspaper Review

Punch Newspaper Headlines (Tuesday, 28 July, 2020)

President Muhammadu Buhari signing the agreement establishing the African Continental Free Trade Area

Good Morning Nigeria! Hope you all are doing your part to help stop the spread of COVID-19!

Here’s our picks on today’s top buzzy stories on Punch Newspaper. We prepare it as a quick-read for our visitors who also enjoys Punch News.

$1.2bn Azura activation agreement signed by Buhari govt – Document

Fresh fact has emerged that the Partial Risk Guarantees that activated the Power Purchase Agreement between the Federal Government and Azura Power Plant was signed in August 2015.

The Senate had last Wednesday expressed concern over the monthly payment of $30m by the Federal Government for power and resolved to assemble local and international experts to review the agreement.

It said the payment had become statutory because of the Share Purchase Agreement signed by the Federal Government with Azura and ACU gas plants.

DSS alleged planned subversion, threatens clampdown

The Department of State Services said it has uncovered plans by some persons and groups to destabilise the country.

The DSS spokesman, Peter Afunanya, in a statement noted that some prominent personalities and socio-cultural groups had resorted to “divisive acts through inciting statements aimed at pitting individuals, groups and ethnic nationalities against another.”

The statement titled, ‘DSS warns against plans to destabilise the country, ‘ was made available to journalists in Abuja on Monday night.

My deputy of no importance, I’II win his LG – Akeredolu

The Ondo State Governor, Rotimi Akerodolu SAN, has vowed to defeat his deputy, Agboola Ajayi, in his ward.

He also said the emergence of Eyitayo Jegede as the candidate of the Peoples Democratic Party, would in no way scuttle his re-election bid.

Akeredolu said this in an interview with newsmen soon after defending himself before the Ondo APC Governorship Primary Election Appeal Committee, at the party’s National Secretariat, in Abuja, on Monday.

Banks’ non-performing loans now N1.2tn – CBN

Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank of Nigeria on Monday.

This amounted to about 6.4 per cent of the gross credit of the banks to the economy which stood at N18.9tn as of the period under review.

According to figures from the National Bureau of Statistics on selected banking data, the lending institutions’ non-performing loans stood at N1.67tn as of the end of March 2019, from a figure of N1.79tn as of the end of 2018.

Oshiomhole’s attack on Obaseki shows ex-gov is deceitful – PDP

The Edo State chapter of the Peoples Democratic Party on Monday taken a swipe at the former National Chairman of the All Progressives Congress, Adams Oshiomhole, saying he was a deceitful leader.

Referring to Governor Godwin Obaseki while addressing the APC supporters in Benin on Sunday, Oshiomhole said he sold a bad product to the people of Edo State in the 2016 election.

But at a press briefing on Monday, the state Publicity Secretary of the PDP, Mr Chris Nehikhare, said Oshiomhole could not continue to hoodwink the electorate, adding that the people were wiser.

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