Headlines: NFIU reports N150trn worth of suspicious transactions as EFCC tracks campaign spending

Reports of the meeting of the five affected rulers of the People’s Democratic Party (PDP) have dominated the cover pages of Nigerian newspapers.

The Punch reports that Nigeria’s Financial Intelligence Unit has identified suspicious transactions worth more than 150 trillion nai between January and March 2022. The paper says the International Monetary Fund says Nigerians should prepare for higher food prices in 2023 due to recent floods and higher fertilizer prices.

Headlines: NFIU reports N150trn worth of suspicious transactions as EFCC tracks campaign spending

The Nation reports that the affected PDP governors have maintained their stance on calls for Eurechia Ayo’s resignation as the party’s national chairman. The newspaper stated that the disclosure by the Governor of Rivers State, Nissum Wake, that President Muhammadu Buhari had agreed to pay the arrears of 13 percent to the states of the Niger Delta, alarmed the governors of the region.

The Daily Trust says the south-eastern region of the country received the largest share of the allocation in the recent controversial recruitment of the Nigerian Extractive Industries Transparency Initiative (NEITI). The newspaper reports that Nigeria may earn 32 trillion nitrogen from oil reserves in the northern part of the country.

The Daily Independent says the planned increase in interest rates and food inflation could exacerbate the country’s economic woes. The newspaper reported that pensioners in the six geopolitical regions of the country have filed a case against the federal government in the National Industrial Court in Abuja, over allegations of discrimination in the implementation of the country’s pension policy.

Rabio Kwankwaso, the presidential candidate of the New Nigerian People‚Äôs Party (NNPP), has dismissed speculation that he will step down in favor of Atiku Abubakar, the DPP flag-bearer, ahead of the 2023 presidential election, said this day. The newspaper reported that the meeting of the G5 governors in Lagos is interrupted by DPP followers, who sing songs in support of the party’s presidential candidate.

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