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Newspaper Headlines: 612 microfinance banks may shut down, and terminal operators impede trade at ports

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
April 6, 2021 8:15 am

The attack by gunmen on the federal prison and police command headquarters in Owerri, Imo state, in which 1,844 inmates escaped dominated the headlines of Nigerian newspapers.

Daily Independent says shippers and terminal operators are stifling trade facilitation at ports. The newspaper says the new corporate governance code billed for implementation from June 1 by the National Insurance Commissioner (NAICOM) will alter ownership of insurance companies.
The Nigerian Tribune says machine guns and explosives were used to attack the Owerri prison. The newspaper’s cover picture depicts the aftermath of the attack — with burnt vans and cars.
The federal government has taken a tough stance on the attack on the federal correctional centre, Owerri, Imo state capital, as 1,844 inmates escaped, The Punch reports. Mohammed Adamu, inspector-general of police, accused the proscribed Indigenous People of Biafra (IPOB) of masterminding the attack.
Daily Sun says the federal government is under pressure to name the sponsors of banditry and kidnapping in the country. The newspaper says 12 members of Boko Haram were killed by troops during an attack on a military base in Borno.
Business Day says 612 microfinance banks representing two-thirds of licensed Microfinance Banks (MFBs) in the country may shut operations, if they fail to meet the recapitalisation deadline set for end of April.
The cover story of The Nation focuses on the attack on Owerri prison. The newspaper reports that the International Monetary Fund (IMF) excluded Nigeria from debt relief.

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