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Newspaper Headlines: NFIU probes N48bn suspicious transfers to Dubai, Hong Kong

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
May 28, 2025 7:00 am

Reports on the fresh loan request sent to the national assembly by President Bola Tinubu dominate the frontpages. 

The Punch reports that Nigeria’s public debt is set to skyrocket after Tinubu requested the national assembly’s approval to secure fresh foreign loans amounting to about $24.14 billion. The newspaper says the Nigerian Financial Intelligence Unit (NFIU) has raised the alarm over a surge in suspicious transactions from Nigeria to Dubai and Hong Kong.
Nigerian Tribune reports that the Peoples Democratic Party (PDP) has accused the ruling All Progressives Congress (APC) of plotting a one-party rule over fear of defeat in the 2027 presidential election. The newspaper says the National Emergency Management Agency (NEMA) has said 1,243,638 Nigerians were displaced by floods in 2024, while 1,237 lives were lost within the same period.
THISDAY reports that the PDP national leadership said Tinubu’s alleged negligence and abdication of his constitutional duties have been responsible for the increasing banditry, kidnapping and other acts of terrorism in parts of the country. The newspaper says Kola Abiola, the first son of the late MKO Abiola, presumed winner of the June 1993 presidential election, has called on the federal government to formally honour persons who were murdered or jailed under the military regime of Sani Abacha.
The Nation reports that the PDP and APC have clashed over the one-party state claim. The newspaper says the federal government has directed that students caught engaging in malpractices during national examinations should be barred for three years.
The Guardian reports that the fresh loans sought by the Tinubu-led administration may push the country’s debt to N182 trillion.
New Telegraph reports that the crisis in the PDP has exacerbated as the party’s national leadership failed to ratify the position of national secretary.

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