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SERAP Urges Govs, Wike To Show Details Of Chinese Loans

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The Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory (FCT), Abuja, Nyesom Wike to make public details of Chinese loans, liabilities, and other external borrowing obtained.

The demand, according to letters to the parties, covers loans by the sub-nationals, guaranteed by the Federal Government and the SERAP also wants to know the terms and conditions for any such borrowing including the provisions on collateral, according to a statement.

ALSO READ: SERAP Threatens Akpabio, Abbas With Legal Action Over Legislators’ Jumbo Pay

The SERAP urged them to “provide details of the repayment obligations regarding any Chinese loans, liabilities and other external borrowing obtained and guaranteed by the Federal Government, the interest rates on the loans, and any defaults, debt restructurings, and debt exposure to China and other creditors.”

In addition, the SERAP also urged them to “clarify any investment agreements with Chinese companies and repayment histories of any loans, liabilities and facilities obtained from China and other external creditors and guaranteed by the Federal Government.”

In the letters, signed by its deputy director Kolawole Oluwadare, the SERAP wrote, “We are concerned that your state and the FCT may have failed to efficiently manage your debt obligations, especially your external debt and investment obligations, as guaranteed by the Federal Government.

“The failure to uphold your obligations is contrary to Section 6 of the Debt Management Office Establishment (Etc), Act, and creates financial risks and other exposure to Nigeria with respect to these Chinese loans, liabilities and other external borrowing.

“These Chinese loans, liabilities and other external borrowing by your state and the FCT may not have been used for the purposes for which they have been obtained and terms and conditions guaranteed by the Federal Government.”

The SERAP declared that, the “SERAP is concerned that there is a significant risk of defaults of the Chinese loans, liabilities, and other external borrowing by your state and the FCT, which are guaranteed by the Federal Government.

“There are also significant risks of confiscation of Nigerian assets in foreign jurisdictions by multilateral and bilateral agencies and other creditors in cases of failure by your state and the FCT to satisfactorily observe and fulfil the terms and conditions of the Chinese loans, liabilities and other external borrowing which are guaranteed by the Federal Government.

“The apparent inadequacy of safeguards and accountability mechanisms for these Chinese loans, liabilities and other external borrowing may also expose Nigeria’s assets in foreign jurisdictions to confiscation.

“Your state and the FCT have a shared obligation to ensure that the spending and repayment plans of Chinese loans, liabilities, facilities and other external borrowing are consistent with the provisions of national and international standards, and to prevent or mitigate risks of confiscation of Nigerian assets abroad.

“We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government and the FCT to comply with our request in the public interest.

“Despite several external loans, liabilities, investment obligations and external borrowing obtained by your state and the FCT, which are guaranteed by the Federal Government over many years, millions of Nigerians in your state and the FCT continue to lack access to regular electricity supply and have been denied the benefit of renewable energy solutions.

“A recent report by the National Bureau of Statistics (NBS) revealed that over 133 million Nigerians are living in different categories of poverty, the majority of them women and children.

“SERAP is seriously concerned that many of the country’s 36 states and FCT are allegedly mismanaging public funds which may include Chinese loans, liabilities and other external borrowing obtained from bilateral and multilateral institutions and agencies and guaranteed by the Federal Government.

“We urge you to disclose the spending details of these Chinese loans, investment obligations and external borrowing, including details of and locations of projects as well as the implementation status and completion reports, if any, on the projects.

“According to Nigeria’s Debt Management Office, the total external debt for Ogun State is N168,833,006.66 as at December 31, 2023. The total public debt portfolio for the country’s 36 states and the Federal Capital Territory is N9.17 trillion.

“Nigeria’s total public debt stock, including external and domestic debts, increased by ₦24.33 trillion in three months alone, from ₦97.34 trillion ($108.23 billion) in December 2023 to ₦121.67 trillion ($91.46 billion) as of March 31, 2024. The debt represents external and domestic loans obtained by the Federal Government, the 36 state governments and the FCT.

“SERAP notes that the World Bank has approved several loans and other funding facilities to the country’s 36 states including the recent $750 million credit line meant to the states to carry out reforms to attract investment and create jobs.

“The World Bank on 15 December 2020 approved a $1.5 billion loan for Nigeria’s 36 states and the FCT for social protection and strengthened state-level COVID-19 response. The loan aims to help the states build a resilient recovery post-COVID19 and to reduce poverty.

“SERAP is concerned that the Chinese loans and other external borrowing obtained by your state and guaranteed by the Federal Government are vulnerable to corruption and mismanagement.

“Publishing details of the Chinese loans, liabilities, investment obligations and other external borrowing obtained by your state and the FCT which are guaranteed by the Federal Government would allow Nigerians to scrutinise them.

“Section 39(1) of the Nigerian Constitution 1999 [as amended], section 44 of the Fiscal Responsibility Act and article 9 of the African Charter on Human and Peoples’ Rights to which Nigeria is a state party impose legal obligations on your state and the FCT to disclose the details sought.

“Section 41 of the Fiscal Responsibility Act provides: ‘1) The framework for debt management during the financial year shall be based on the following rules: a. Government at all tiers shall only borrow for capital expenditure and human development, provided that, such borrowing shall be on concessional terms with low interest rate and with a reasonable long amortization period subject.’

“Section 44 of the Fiscal Responsibility Act provides: ‘1) Any Government in the Federation or its agencies and corporations desirous of borrowing shall, specify the purpose for which the borrowing is intended and present a cost-benefit analysis, detailing the economic and social benefits of the purpose to which the intended borrowing is to be applied.’

“According to section 21(1)(2) of the Debt Management Office Establishment (Etc), Act, ‘No external loan shall be approved or obtained by the Minister unless its terms and conditions shall have been laid before the National Assembly and approved by, its resolution. (2) The Federal and State Government or any of their agencies shall not obtain any external loan except with a guarantee issued by the Minister.’”

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Politics

NIPCO Gas Licences, NNPC Ltd Management Face Reps Probe

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Audit Query: Reps panel Probes NPA, Terminal Operator over $68.473m debts

The House of Representatives Committee on Petroleum Resources (Downstream) has launched investigations into petitions seeking the cancellation of gas distribution licences held by NIPCO Plc in five locations.

This is as the Committee accused the Executive Vice President (Downstream) of the Nigerian National Petroleum Company Limited (NNPC Ltd), Dr Mumuni Dagazu, of money laundering and abuse of office.

The Committee also constituted two sub-committees to conduct preliminary investigations into the petitions, which its Chairman, Ikenga Ugochinyere, described as serious complaints requiring urgent attention.

READ MORE: UNDC Assures on Readiness to Protect Oil, Gas Pipelines

The decision was announced on Monday in Abuja at the technical briefing marking the end of Downstream Week 2026.

The Sub-Committee investigating the allegations against Dagazau will be chaired by Aliyu Al-Mustapha, with Amobi Ogah as Deputy Chairman. It has seven days to conduct a preliminary investigation and report its findings to the main Committee.

The Sub-Committee examining the NIPCO petition will be chaired by Peter Aniekwe, while Shehu Dalhatu would serve as Deputy Chairman.

The petition against NIPCO calls for the investigation, suspension and cancellation of gas distribution licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to the company for Lagos, Ogun, Oyo and Osun states, as well as the Lagos and Lekki Free Trade Zones.

In the second petition, the complainants accused Dagazau of money laundering and abuse of office. The Committee, however, stressed that the allegations had not been established and that the investigation would determine the merits of the complaints.

Addressing journalists at the event, Ugochinyere said the Committee had not reached any conclusion on either matter, assuring all parties of a fair hearing.

“These are allegations, and the Committee has reached no conclusion on them. All parties will be given a full and fair opportunity to be heard,” he said.

He added that the Committee would not ignore complaints touching on the integrity of the downstream petroleum sector and promised that Nigerians would be informed of the outcome of the investigations.

Neither NIPCO Plc nor Dagazau had publicly responded to the petitions as of the time of the briefing.

The investigations formed part of the Committee’s wider review of developments in the downstream petroleum sector during Downstream Week 2026, at which it also passed votes of confidence in President Bola Tinubu, the leadership of the NMDPRA and Alhaji Aliko Dangote.

The Committee said reforms in the sector were yielding results but identified pipeline security, reliable crude supply to domestic refineries and a properly regulated import market as areas requiring sustained government attention.

Ugochinyere praised the NMDPRA’s Chief Executive, Rabiu Umar, and the authority’s Executive Directors, saying their work had helped stabilise the sector.

Figures presented at the briefing indicated that “domestic refineries increased their contribution to national petrol supply by more than 75 per cent, with no supply shortfalls recorded and more than 25 days of national sufficiency maintained.”

The committee also cited “the commissioning of the Port Harcourt Petroleum Product Laboratory, the licensing of a petroleum liquid trading exchange and the finalisation of a framework for a national strategic stock of up to 20 days,” adding that, “plans are in place to raise the reserve to 90 days in 2027.”

Despite the progress, Ugochinyere insisted that energy security depended on effective pipeline protection and adequate crude supply to local refineries.

“There is no supply security without pipeline security,” he said, adding that importation should supplement verified shortfalls rather than become a permanent substitute for domestic production.

He also called for strict enforcement of the Domestic Crude Supply Obligation, saying local refineries must have reliable access to feedstock to remain viable.

The Committee disclosed that it had opened an inquiry into alleged underpayment for crude oil by some companies and questioned NNPCL over legacy transactions and refinery rehabilitation.

“We will not accept silence as an answer,” Ugochinyere warned.

The committee further urged the Federal Government to increase funding for pipeline surveillance and ensure timely provision of logistics to operators, arguing that improved security had contributed to the rise in crude oil production.

It expressed confidence that Nigeria could achieve its target of producing three million barrels of crude oil per day with sustained government support.

The committee also said it would continue to pursue amendments to the Petroleum Industry Act to strengthen provisions on crude supply to domestic refineries, licensing and protection of local refining investments, while maintaining a regulated import market.

Ugochinyere said the objective was to balance immediate security of supply with the long-term development of Nigeria’s domestic refining capacity.

“Our goal is balance: security of supply today, and a strong domestic refining industry for tomorrow,” he stressed.

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APC Campaign Council Sets Inaugural Meeting for Tuesday Ahead of Kaduna Flag-Off

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APC sweeps Ebonyi LG polls

The All Progressives Congress (APC) Presidential Campaign Council is scheduled to hold its inaugural meeting on Tuesday, October 20, 2026, to consider its campaign calendar and preparations for the campaign flag-off in Kaduna.

The meeting, according to an internal memorandum released on Sunday and signed by Imo State Governor Hope Uzodimma, Secretary of the Presidential Campaign Council, will take place at 2 p.m. at the council’s headquarters, Plot 781, Herbert Macaulay Way, Central Business District, Abuja.

SEE ALSO: ‘The Entire North Has Made Up Its Mind for Tinubu’ — APC Chieftain

The notice states that attendance is “strictly by invitation” and restricted to the 134 members of the Presidential Campaign Council listed in the distribution list.

It explains that the meeting will formally commence the council’s collective assignment and provide an opportunity for members to consider and adopt the campaign calendar.

“The meeting will formally commence the collective assignment of the Council and provide an opportunity to consider and adopt the Campaign Calendar,” the memorandum stated.

It added that members would also deliberate on other related matters, including preparations for the campaign flag-off scheduled to take place in Kaduna on Saturday, October 24, 2026.

Governors, National Assembly Leaders Listed

The distribution list includes state governors, National Assembly leaders and officials assigned to various campaign directorates.

Among those listed as state coordinators are Imo State Governor Hope Uzodimma, Lagos State Governor Babajide Sanwo-Olu, Kaduna State Governor Uba Sani, Enugu State Governor Peter Mbah, Borno State Governor Babagana Zulum and Rivers State Governor Nyesom Wike.

Others include Akwa Ibom State Governor Umo Eno, Anambra State Governor Charles Soludo, Delta State Governor Sheriff Oborevwori, Ogun State Governor Dapo Abiodun and Osun State Governor Ademola Adeleke.

Senate President Godswill Akpabio and House of Representatives Speaker Tajudeen Abbas are also listed among the council’s leadership.

Campaign Directorates

The memorandum identifies officials responsible for coordinating different aspects of the campaign, including media and strategic communications, new media, finance and treasury, fundraising, policy and manifesto development, legal affairs, security and intelligence, data management, and contact and mobilisation.

The Directorate of Media and Strategic Communications lists Mohammed Idris Malagi as Coordinating Director I and Abdulaziz Abdulaziz as Coordinating Secretary I.

Segun Dada and Solomon Arowolo are listed as director and secretary, respectively, of the Directorate of New Media.

Other directorates listed include infrastructure mobilisation and sensitisation, creative sector mobilisation, artisan mobilisation, diaspora mobilisation, women mobilisation, sport sector mobilisation and mobilisation of people living with disabilities.

The document also identifies a Parliamentary Mobilisation Directorate for State Assemblies.

In the memorandum, Uzodimma thanked members for their cooperation and commitment to the assignment.

“Thank you for your usual cooperation and dedication to the success of this important assignment,” he stated.

The meeting is scheduled to hold four days before the campaign flag-off in Kaduna, which the memorandum identifies as a key item for discussion.

 

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NDC Withdraws Recognition of Diaspora Chapters Over Court Rulingq

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The Nigeria Democratic Congress (NDC) has withdrawn recognition of its diaspora chapters, citing a subsisting court judgment that reportedly restricts Nigerian political parties from establishing, operating or supervising chapters outside the country’s territorial boundaries.

The party announced the decision in a press statement released on Sunday October 18, 2026, signed by its National Publicity Secretary, Osa Director, Esq.

The statement followed a review of the party’s relationship with its foreign chapters operating across different countries, with the NDC explaining that its decision was informed by a court judgment concerning the legality of diaspora chapters belonging to Nigerian political parties.

SEE ALSO: Kwankwaso Rejects ADC Claims, Says NDC Won’t Withdraw From 2027 Race

The party referenced the case of Prof. Ali Alao v. All Progressives Congress (APC) & Anor, Suit No. CV/187/2025, decided by Justice Peter Kekemeke of the Federal Capital Territory High Court in Maitama.

According to the NDC, the court held that “no political party registered in Nigeria has the legal authority to establish, operate or supervise chapters outside the country’s territorial boundaries.”

The statement further quoted the court as ruling that “diaspora chapters of Nigerian political parties were illegal, unconstitutional, and unknown to the laws of the Federal Republic of Nigeria.”

Explaining its decision to comply with the reported judgment, the party said it was withdrawing all previous recognition granted to its foreign chapters.

“Therefore, the NDC, in deference to the said judgment, is halting recognition of foreign chapters of the party and all earlier recognitions are hereby withdrawn,” the statement read.

NDC Appreciates Diaspora Supporters

Despite the withdrawal of recognition, the party expressed appreciation to its diaspora supporters, acknowledging their contributions, loyalty, guidance and continued commitment to its activities.

The NDC said it remained grateful for the support it had received from the various foreign chapters, even as it moved to address the legal implications of the court judgment.

“We are deeply appreciative of the immense support of various foreign chapters in the diaspora. We are grateful for their unwavering loyalty, guidance, and contributions to the party,” the statement said.

The party also disclosed that a harmonisation process had been initiated in jurisdictions where more than one group existed, with the aim of bringing the different groups under a single umbrella.

It added that the judgment was still under review and had been referred to its Legal Department for further advice and guidance.

“The party is currently studying the judgment and has referred same to its Legal Department for further advice and guidance,” the statement added.

NDC Addresses Peter Obi’s Diaspora Supporters

The NDC also acknowledged the significant interest Nigerians living abroad have shown in its candidates, particularly its presidential candidate, Peter Obi.

The party encouraged diaspora supporters to sustain their interest and continue supporting its political activities despite the withdrawal of formal recognition from its foreign chapters.

“The party is aware of the tremendous interest that Nigerians in the diaspora have in our candidates, especially our presidential candidate, Mr Peter Obi and we thank them and encourage them to sustain such interest with more vigour,” the statement read.

The party further clarified that the withdrawal of recognition did not mean diaspora supporters should stop meeting or interacting with one another.

Instead, it encouraged them to maintain their engagements, assuring them that the party would continue to communicate with them through appropriate and lawful channels.

“We encourage our supporters in the diaspora to continue to meet and interact, and we shall remain in touch with them through appropriate and legal channels,” the statement said.

NDC Criticises APC, Calls for a New Nigeria

The party also used the statement to urge its supporters to remain committed to its political objectives, calling for collective efforts to address what it described as Nigeria’s present state of drift and hopelessness under the ruling All Progressives Congress (APC).

“Collectively, we must work hard to build a Nigeria of our dreams. We must rescue Nigeria from its present state of drift and hopelessness foisted on it by the rudderless APC,” the statement read.

 

 

 

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