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Newspaper Headlines: $69bn loot in American banks not recovered, and insecurity takes toll on food prices

Newspaper Headlines: $69bn loot in American banks not recovered, and insecurity takes toll on food prices
May 28
08:32 2021

The appointment of Farouk Yahaya as the chief of army staff and the speculation of massive retirement in the Nigerian Army dominated the headlines of Nigerian newspapers.


The Punch’s headline says the federal government has failed to recover $69 billion loot in American banks. The newspaper’s cover picture shows President Muhammadu Buhari with some children to celebrate 2021 Children’s Day.


Business Day says high input costs, insecurity, and climate change are taking a toll on the prices of food in the country. Babajide Sanwo-Olu, governor of Lagos state, said his administration will sign the contract for the fourth mainland bridge, this year, the newspaper reports.

Daily Independent reports that the fear of the Economic and Financial Crimes Commission (EFCC) and 2023 elections is driving governors in the Peoples Democratic Party (PDP) to All Progressives Congress (APC). Alkali Baba, acting inspector-general of police, disagreed with governors on the creation of state police, the newspaper reports.



The Nation reports the comment of Baba, acting inspector-general of police, that the #EndSARS protests weakened the police. The newspaper says Yahaya has been appointed as the new army chief.


Daily Sun says 45 generals will retire owing to the appointment of Yahaya as the new army chief. The newspaper reports that northern governors have set up a committee on restructuring in view of the constitution review hearing.


The Guardian reports that the Nigerian Army is gripped with fear of massive retirement over the appointment of the new army chief. Nigerians will pay more for imported vehicles from June 1 as terminal operators have announced a 50 percent increase in terminal handling charges, the newspaper reports.



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