TheCable

The Punch reports that the Nigeria Financial Intelligence Unit flagged suspicious transactions valued at over N150tn between January and March 2022. The newspaper says the International Monetary Fund says Nigerians should brace up for higher food prices in 2023 due to recent floods and high fertiliser prices.

The Nation reports that the aggrieved PDP governors have maintained their stance on the calls for the resignation of Iyorchia Ayu as the party’s national chairman. The newspaper reports that the disclosure of Nyesom Wike, governor of Rivers, that President Muhammadu Buhari approved the payment of the arrears of 13 percent derivation to Niger Delta states has unsettled governors from the region.

Daily Trust says the south-east zone of the country got the highest share of allocation in the recent controversial recruitment of the Nigeria Extractive Industries Transparency Initiative (NEITI). The newspaper reports that Nigeria may earn N32 trillion from the oil reserves in the northern part of the country.

Daily Independent says the planned hike in interest rates and food inflation may worsen the economic woes of the country. The newspaper reports that retirees in the six geo-politi­cal zones of the country have instituted a suit against the federal government at the National Industrial Court, Abuja, over allegations of dis­crimination in the implemen­tation of pension policy in the country.

THISDAY says Rabiu Kwankwaso, presidential candidate of the New Nigeria Peoples Party (NNPP), has dismissed speculations that he will step down for Atiku Abubakar, PDP flagbearer, ahead of the 2023 presidential election. The newspaper reports that the meeting of the G5 governors in Lagos was interrupted by PDP faithful, who sang songs in support of the party’s presidential candidate.