Top Nigerian Newspaper Headlines For Today, Sunday, 12th September 2021.
Good morning Nigeria, welcome to GoldenNewsNg roundup of Top Nigerian Newspaper Headlines For Today , Sunday, 12TH September 2021.
Here are the Major Nigerian Newspaper Headlines for Today.
CBN dismisses reports on planned conversion of domiciliary account holdings to Naira
The Central Bank of Nigeria (CBN) on Saturday dismissed reports on the planned conversion of foreign exchange in domiciliary accounts to Naira.
Reports emerged during the week that the apex banks had directed all Deposit Money Banks (DMBs), International Money Transfer Operators (IMTOs), and members of the public that operate domiciliary accounts in the country to convert their holdings into naira.
The CBN’s Director of Corporate Communications, Osita Nwanisobi, who reacted to the reports in a statement in Abuja, said the directive did not emanate from the bank.
He said the circular quoted in the reports was designed to cause panic in the foreign exchange market.
The statement read: “We wish to reiterate that the Bank has not contemplated, and will never contemplate, any such line of action. The speculation is a completely false narrative aimed at triggering panic in the foreign exchange market.
“It will be recalled that the Bank had previously assured members of the public that there was no plan whatsoever to convert the foreign exchange in the domiciliary accounts of customers into Naira to check purported shortage of availability of the United States dollars.
“Operators of domiciliary accounts and other members of the banking public are therefore advised to completely disregard these fictitious documents and malicious rumours, and go about their legitimate foreign exchange transactions, as we do not doubt that these rumours are only aimed at impugning the integrity of the CBN and activating chaos in the system.”
Nwanisobi warned against the unauthorised use of the CBN logo by any group or individual in the country.
Nigerian tech firm raises $1m pre-seed capital
A Nigerian tech firm, OurPass, has closed a $1m pre-seed round led by Tekedia Capital and angel investors from Fortune 500 companies.
OurPass is a mobile application that enables consumers to shop with one click. The first-time consumers sign up on the OurPass platform, they enter their names, email and shipping addresses, after which they get an identity for each customer, which is passed across every online store they shop.
The company hopes to use this round of fund to develop its technology and grow its team to up to 200 people before the end of 2022
According to TechCrunch, the Chief Executive Officer, Samuel Eze, said, “I watched my mother struggle to shop online where I saw her set up multiple accounts on different platforms while going through a rigorous checkout process.
Obiano orders traders, transporters to ignore IPOB’s directive, resume Monday
The Anambra State Governor, Willie Obiano, on Saturday directed banks, markets and transporters in the state to ignore the sit-at-home directive issued by the Indigenous People of Biafra (IPOB) and go about their businesses from Monday.
Obiano gave the directive after a meeting with members of the State Security Council and others stakeholders in Awka, the state capital
Why Police redeploys Lagos DPO
The Lagos State Police Command has redeployed the Divisional Police Officer in charge of Denton Police Station in the Ebute-Meta area of the state, CSP Adegoke Atilade, as part of an ongoing investigation into his missing service pistol and alleged amorous relationship on duty.
Abia ALGON passes vote of no confidence on chairman, Michael Ibe
GoldenNewsNg gathered that the Association of Local Government of Nigeria, ALGON, Abia State chapter has passed a vote of no confidence on its Chairman, Michael Ibe Nwoke over a press release alleging that there are cabals within the LG councils.
However, in a statement on Friday, the association denied the allegations stating that there is no “cabalism” within the councils.
Bernardo Silva earns Manchester City win at Leicester
Manchester City secured a third straight league win after seeing off Leicester City in an entertaining game at King Power Stadium.
Goalkeepers Kasper Schmeichel and Ederson made crucial saves in a free-flowing match to keep their respective teams on level terms before Bernardo Silva’s close-range finish settled a fine contest.
The Portuguese pounced after Joao Cancelo’s shot was deflected by Caglar Soyuncu into Silva’s path.
Arsenal finally end goalless run and claim first win of season
Arsenal lifted the pressure on manager Mikel Arteta as they secured their first points of the Premier League season with victory over Norwich City at Emirates Stadium.
National Assembly gets only 2% of Nigeria’s annual budget – Gbajabiamila
The Speaker of the House of Representatives, Femi Gbajabiamila, said on Saturday the National Assembly gets only two percent of the Nigerian budget.
Gbajabiamila stated this at the 10th annual symposium of the Muslim Students Society of Nigeria, B-Zone, in Abeokuta, Ogun State.
He was reacting to a statement credited to the Vice-Chancellor of Ahman Pategi University, Patigi, Kwara State, Prof. Mahfouz Adedimeji, on the National Assembly and funds allocated to the parliament.
Adedimeji, who was the guest speaker at the forum, claimed that Nigeria operates the most expensive parliament in the world.
He said: “With due respect to the Speaker of the House of Representatives, Nigeria spends the highest amount of money on the legislators in the world and the National Assembly consumes more money than any other parliament in the world.”
EndSARS: Forensic Expert Explains Why Lekki Shooting Can’t Be Analyzed
The Managing Director of Sentinel Forensics Limited, Mr Joseph Funsho-Ako has disclosed that physical evidence was removed from Lekki tollgate before his team were invited to conduct analysis at the scene of the shooting of EndSARS protesters in Lagos.
Disclosing that the team visited the tollgate 87 days after the October 20, 2020 incident, he added that the Lagos State Waste Management Authority (LAWMA) had even carried out a clean-up of the area before the visit by the forensic team.
The forensic company was hired by the Lagos State government on December 29, 2020 to “conduct a forensic review” of the Lekki tollgate shooting.
Speaking before the Lagos Judicial Panel on restitution for victims of SARS-related abuses and other matters on Saturday, the forensic expert said his team visited the tollgate for actual scene examination on January 13, 2021, and later on January 15.
VAT: Why Appeal Court Ruling Favours Rivers State
Human rights lawyer, Mike Ozekhome, has state that the ruling of the Appeal Court on the Value Added Tax (VAT) favours Rivers State as opposed to the Federal Inland Revenue Services (FIRS).Reports has it that the Appeal Court sitting in Abuja had asked parties involved in the VAT saga to maintain status quo pending the determination of the suit brought before it by the FIRS.
Reacting in a statement on Saturday titled, ‘FIRS & Rivers State Government: Who Should Now Collect VAT?” Ozekhome clarified that the subsisting law was that Rivers had overpowered FIRS to collect VAT, and as such should be maintained until the higher court rules otherwise.
Court Finally Fixes Date For Boko Haram Financiers’ Trial
The Federal High Court sitting in Abuja has fixed September 17, 2021, for the trial of some Bureau De Change operators arrested in March 2021 for allegedly sponsoring the Boko Haram.
Reports that the Department of State Services, DSS, had in March arrested the Bureau De Change operators for allegedly facilitating the transfer of money to Boko Haram terrorists.
That’s the Top Nigerian Newspaper Headlines For Today, Sunday, 12th September 2021 . Read more Nigerian news on GoldenNewsNg.com See you again tomorrow.