Punch Newspaper Review

Punch Newspaper Headlines (Friday, 28 May, 2021 Edition)

Kola Ologbondiyan, the spokesman of the Peoples Democratic Party (PDP)

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.

Buhari mortgaging our children’s future with reckless borrowing – PDP

The Peoples Democratic Party has while wishing Nigerian Children a happy Children’s Day celebration berated the President, Major General Muhammadu Buhari (retd.), and the All Progressives Congress, for allegedly mortgaging the future of Nigerian children.

The PDP expressed regrets that on a day that Nigerian children should join their contemporaries across the world to celebrate, the last six years has been a sad reminder of the harsh conditions the Buhari regime has subjected them to.

This was contained in a statement titled, ‘Stop Mortgaging the Future of Nigerian Children, PDP Tells Buhari, APC,” signed by the National Publicity Secretary of the party, Kola Ologbondiyan, in Abuja, on Thursday.

Schools declare emergency holiday, others shut, residents panic over IPOB sit-at-home

Private and missionary schools have shut down in Imo State as a result of the sit-at-home ordered by the Indigenous People of Biafra on Monday, May 31, 2021, throughout the South-East region. Residents of Owerri also resorted to panic buying on Thursday in order to prepare for the possible fallout of the order.

While some schools were shut down till Tuesday next week, others gave their pupils one week rest at home. The schools asked the students to stay at home for the period to avoid any casualty.

IPOB had said human and vehicular movement would be restricted across the South-East on Monday to mark the anniversary of the Biafra 54 years ago. As a result, it said all markets, parks, schools, airports and others would be shut down.

Naira slips to 490/$ at parallel market, CBN plans digital currency

The naira exchanged to the dollar at N490/$ at the parallel market on Thursday.

According to naijabdcs.com, the official exchange rate website of the Central Bank of Nigeria for the Bureau de Change operators, the country’s currency was bought and sold at N488/490 to the dollar as of Thursday evening.

The naira had earlier exchanged to the dollar at N483 in previous week. The CBN recently adopted the the NAFEX Investor & Exporter forex window rate of N410.25 as its official exchange rate to the dollar.

Illegal oil deals: FG fails to recover $69bn loot in American banks

An American assets recovery firm, Forensic Assets Investigation and Recovery Services LLC, has traced $69bn (about N28.3tn) to different Texas bank accounts accrued from illegal oil deals by the Nigerian National Petroleum Corporation.

The money was believed to have been siphoned from undeclared crude oil sales under the Goodluck Jonathan administration allegedly by the NNPC officials and their collaborators in the Central Bank of Nigeria. Out of the stash, $9bn was traced to a Texas bank account allegedly belonging to a former National Security Adviser, General Andrew Azazi.

Azazi died in a helicopter crash in Okoroba, Nembe Local Government Area of Bayelsa State, in December 2012, alongside the Governor of Kaduna State, Patrick Yakowa, Warrant Officer Kamal Mohammed; a prominent politician from Kaduna, Dauda Psokho; the pilot, identified as Commander Muritala Daba; and co-pilot, Lt Col. Adeyemi Sowole.

Don’t introduce Sharia in South-West, PFN warns Senate

The ongoing public hearing on the amendment of the 1999 Constitution continued across the country on Thursday with a warning by the Pentecostal Fellowship of Nigeria to the Senate to avoid surreptitious moves by some groups to introduce Sharia law to the South-West region through the on-going constitution review.

The President of PFN, Bishop Wale Oke, said in a statement issued by his Media Office on Thursday that the move was capable of adding to the numerous problems facing the country.

He urged the Senate not to succumb to such agitation which he said was capable of further plunging the country into major religious crisis.

How Jonathan secured release of Malian President, PM

Mediation efforts by former Nigerian President, Goodluck Jonathan, led to the release of the interim President of Mali, Bah Ndaw and Prime Minister, Moctar Ouane, by their captors.

This was contained in a statement titled, ‘Mali’s President, Prime Minister released after Jonathan’s mediation’, signed by Jonathan’s Media Office, on Thursday.

The statement said leaders of Mali’s military released interim President Bah Ndaw and Prime Minister Moctar Ouane from detention following intervention from former President Goodluck Jonathan, who is the mediator of the Economic Community of West African States in Mali. It said Jonathan travelled to Bamako on Tuesday where he met with the military leaders and other stakeholders following the sudden turn of events in the transition process which led to the detention of the two leaders by the Vice President, Col. Assimi Goita-led military junta.

Ohanaeze canvasses restructured Nigeria, internal autonomy

Ohanaeze Ndigbo on Thursday said that the people of the region wanted internal autonomy.

The President General of Ohanaeze Ndigbo, Prof George Obiozor, who spoke while presenting the group’s position during the review of the 1999 Constitution review hearing in Owerri, Imo State, disclosed that Ndigbo wanted a country of equal opportunities where every federating unit would stand independent without asking for help from the center.

He said, “Fundamentally, what Ndigbo really want is some form of internal autonomy based on a restructured Nigeria. We (Ndigbo) are of the view that the federation of Nigeria must be a union of equals and the composite units must have the ability to stand without begging the centre for survival. That is a federal system of government and with it characteristics of decentralisation and evolution of power among the federating units.

“Therefore, in the context of the imperatives and urgency of restructuring Nigeria, we should focus on getting the right things done for the right reasons, and at the right levels of government.”

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