The headlines of mainstream Nigerian newspapers for Monday, August 27, are focused on the EFCC investigation on suspicious transaction by Rivers state government, the meeting of the national executive committee of the APC, which will hold this week, President Muhammadu Buhari's call on legal practitioners on national interest among others.
The Nation reports that detectives are probing N117 billion suspicious transactions by Rivers state government in the last three years.
According to the Economic and Financial Crimes Commission (EFCC), sources said that the huge cash was intermittently withdrawn over the counter by a state official designated for the purpose.
Reacting to the probe, the state government described it as a “political witch-hunt” and vowed not to be intimidated.
Vanguard reports that a meeting of the national executive committee of the All Progressives Congress (APC) will be holding this week.
The meeting is aimed at giving a final template for producing the party's candidates in the 2019 general elections.
Also, the venue of the national convention to pick the presidential candidate has emerged as an issue with two powerful blocs contending between Abuja and Lagos.
This Day on its part reports that legal practitioners in the country were urged by President Muhammadu Buhari to place national interest, particularly peace and security far above regards to the rule of law in the discharge of their professional duties.
According to President Buhari, rule of law can only be optimally practised in a peaceful environment. He advised lawyers and all Nigerians to contribute to the achievement of peace and security in the country.
The Punch also reports that the Rivers state government is being investigated by the EFCC for alleged cash withdrawals totalling N117 billion.
An official of the commission, who confided in Punch, said: “In all, we are investigating cash withdrawals totaling N117bn from the Rivers state accounts in the last three years. The manner the money was withdrawn was suspicious.”
The Guardian reports that local non-oil exporters may have started feeling the heat of the trade war between United States and China.
According to exporters, the trade dispute between the United States and China is already upsetting them, leading to a weakened currency and further imposition of capital controls on foreign exchange payment, to avoid the depletion of China’s dollar reserves.
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