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Newspaper Headlines: Families paid N15m ransom for release of abducted Ekiti pupils

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
February 5, 2024 7:00 am

Reports on a N15 million ransom paid for the release of the abducted Ekiti school children, and the collapse of the national electricity grid for the umpteenth time, permeate the front pages of Nigerian dailies. 

The Punch reports that families of abducted pupils of Apostolic Faith Group of Schools, Emure Ekiti, said the kidnappers freed the abductees after collecting N15 million and other items including fried rice, malt drinks, energy drinks, and cigarettes. The newspaper says the national electricity grid crashed to 59.9 megawatts on Sunday, throwing the nation into darkness.
The Nation reports that the All Progressives Congress (APC) has maintained its dominance in the senate with 59 seats, after its victory in Saturday’s by-elections in Ebonyi south and Yobe east districts. The newspaper says kidnappers shot the driver of the abducted pupils of Apostolic Faith School in Ekiti and burnt his body.
Daily Trust reports that Mushin Ibrahim, a 14-year-old boy, lost his life when a J5 Peugeot bus being chased by officials of the Nigerian Customs Service (NCoS) in Jibia, Katsina state, rammed into bystanders on Saturday. The newspaper says previous actions and decisions of Jim Obazee, the special investigator appointed to probe activities of the Central Bank of Nigeria (CBN), are threatening the credibility of the outcome of the assignment.
The Guardian reports that the adoption of the spot foreign exchange rate in computing duty on imported commodities has thrown importers and the entire business community into panic mode. The newspaper says the high cost of care for cancer in Nigeria, amid high poverty rate, is a top factor for the growing rate of cancer mortality in the country.
THISDAY reports that Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), said about $2.4 billion out of the reported $7 billion outstanding foreign exchange liabilities of the federal government, are not valid for settlement. The newspaper says none of the 10 Nigerian artists nominated in five categories in the 66th edition of the Grammy Awards, was considered worthy of a winning statuette.

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