TheCable

The Punch reports that security agencies have started raiding hideouts of criminals and thugs who could be used to foment trouble during the May 29 inauguration ceremony. The newspaper says the Central Bank of Nigeria (CBN) has revoked the licences of 179 microfinance banks in the country.

Daily Trust reports that outgoing ministers have started to hand over government properties and documents ahead of cabinet dissolution. The newspaper says the tribunal has consolidated the petitions filed by Peter Obi, presidential candidate of the Labour Party, and his counterpart in the Peoples Democratic Party (PDP), Atiku Abubakar, against the victory of Bola Tinubu, president-elect.

The Nation reports that President Muhammadu Buhari said infrastructural projects carried out by his administration were funded through loans. The newspaper reports that the United Kingdom has barred foreign students from bringing family members with them to the country.

The Guardian reports that stakeholders have raised concerns over the search for oil and gas in the northern part of the country as Buhari flagged off the resumption of exploration activities in Lake Chad, Borno state. The newspaper reports that African leaders have faulted the global financing scheme that is plunging several African countries into a debt trap.

THISDAY reports that Buhari has defended the country’s high debt profile, saying his administration invested in infrastructure for economic growth. The newspaper says US President Joe Biden has announced a nine-member delegation to attend the inauguration ceremony of Tinubu on May 29.