Newspapers review for Monday, August 26: OBJ, Soyinka intervene in Yoruba leadership crisis

Main headlines of major Nigerian newspapers for Monday, August 26, 2019 centres on the intervention of Nobel Laureate Wole Soyinka and former President Olusegun Obasanjo into the crisis trailing the Afenifere leadership.

Vanguard reports that tension followed the election of Professor Adebanji Akintoye as the new leader of the Yoruba socio-political group, Afenifere.

Obasanjo, among other Yoruba heads, including the national leader of Afenifere, Pa Reuben Fasoranti, have advised Akintoye not to listen to those whose intention is to sew discord and unrest in the group.

The Guardian reports that criticism and mixed reactions have followed the resumption of Value Added Tax (VAT) collection from stock market transactions which requires investors to return not less than N60.11 billion to the federal government within a period of one year.

The policy by the federal government for the sector has been seen by stakeholders as double taxation.

The Nation reports that as part of the investigation on the son-in-law of former Vice President Atiku Abubakar, operatives of the Economic and Financial Crimes Commission (EFCC) have paid a visit to the Olusegun Obasanjo Presidential Library (OOPL).

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Reports have it that EFCC's agents, accompanied by police officials, searched offices in the library but made no arrest and left without taking any document from the building.

This Day reports that there are chances that the federal government may lose the sum of $9.9 billion following the failed gas project proposed to be carried out by an Irish firm known as Process and Industrial Development (P&ID) Limited.

Moreover, Nigeria may lose money, if she chooses to distance herself from other means of settling the case outside the court of law.

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Punch reports that P&ID Limited has ordered its lawyers to identify Nigeria's assets for seizure in order to recover the $9.9 billion debt.

According to the Irish firm, the move to seize Nigeria's assets was in the process of enforcing the decision of an arbitration that has become a court order.

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