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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

Tinubu’s UNGA Absence: NDC Demands President’s Whereabouts, Health Status

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The Nigeria Democratic Congress (NDC) has demanded the immediate disclosure of President Bola Ahmed Tinubu’s whereabouts and health status following his absence from the 81st Session of the United Nations General Assembly (UNGA) in New York.

The NDC made the demand in a statement signed by its National Publicity Secretary, Osa Director, on Monday, September 28, 2026, expressing what it described as “profound disappointment and grave concern” over Tinubu’s absence from the gathering of world leaders.

ALSO READ: ‘Where Is Nigeria’s President?’ — Obi Questions Tinubu’s Third Straight UNGA Absence

According to the party, this marks the third consecutive time since Tinubu assumed office in 2023 that the President has failed to attend UNGA in person.

The NDC said Nigerians had for weeks been told by Nigeria’s Permanent Representative to the United Nations, Ambassador Jimoh Ibrahim, that President Tinubu would attend the General Assembly and would be seated close to United States President Donald Trump.

The party, however, said the Presidency announced on September 20 that Vice President Kashim Shettima had been “mandated” to lead Nigeria’s delegation to the UNGA.

The NDC also questioned Tinubu’s reported extended stay in Europe, saying the President left Nigeria on August 30 and extended his stay in Paris indefinitely.

The party alleged that the President had spent more than three weeks outside the country on what it described as a “so-called vacation” without formally transmitting power.

The NDC described the situation as “unpresidential, unconstitutional, and unacceptable,” arguing that the country had been left without the President physically present in Nigeria and without the President attending the UNGA.

NDC Raises Constitutional Questions

The party cited Section 145 of the 1999 Constitution, as amended, which provides for the President to transmit a written declaration to the National Assembly when proceeding on vacation or otherwise unable to discharge the functions of office.

The NDC alleged that Tinubu did not formally transmit such a declaration during his extended absence.

The party questioned why, in its words, the President was “always afraid” of transmitting a written declaration to the National Assembly.

It further alleged that at one point Nigeria was effectively on “autopilot,” claiming that the President, Vice President and Senate President were all outside the country.

The NDC therefore called for compliance with Section 145 whenever the President is away or unable to perform the functions of his office.

NDC Questions Diplomatic Cost Of UNGA Absence

The party also challenged the significance of Nigeria being represented by the Vice President rather than the President at the UNGA.

The NDC argued that the annual gathering is more than the formal speeches delivered by world leaders, stressing that UNGA provides opportunities for presidents and heads of government to hold bilateral meetings and negotiate issues affecting their countries.

According to the party, such engagements include discussions on foreign direct investment, debt relief, climate finance, global financial reforms and security cooperation.

The NDC claimed that Nigeria’s absence at the presidential level could result in what it described as losses in direct foreign investment engagements, leverage on global financial reform, strategic security partnerships and Nigeria’s international standing.

The party also argued that the development could diminish Nigeria’s position as the “Giant of Africa.”

It maintained that presidential diplomacy cannot simply be outsourced to representatives.

NDC Contrasts Nigeria’s UNGA Presence With Ghana

The NDC further compared Nigeria’s representation at UNGA with the participation of Ghanaian President John Dramani Mahama.

The party said Mahama delivered what it described as a “statesmanlike performance” at UNGA 81, addressing issues including Africa’s position on debt justice, climate reparations and restoring trust in multilateralism.

The NDC said that while Ghana commanded attention at the gathering, Nigeria’s presidential seat was empty.

“Mahama spoke for Africa; Nigeria was spoken for,” the party stated.

NDC Criticises 15-Minute Speech Explanation

The party also criticised comments attributed to Ambassador Jimoh Ibrahim concerning the duration of a presidential speech at the General Assembly.

The NDC said the argument that President Tinubu could not travel to New York merely “to speak for just 15 minutes” demonstrated, in its view, a misunderstanding of international diplomacy.

According to the party, every world leader is allocated a limited speaking period at the General Assembly, but the importance of UNGA extends beyond the formal speeches.

The NDC argued that the remaining time is used for high-level bilateral engagements, negotiations and diplomatic interactions, describing these activities as the “corridor diplomacy” through which important international decisions are pursued.

The party said the President’s absence therefore meant that Nigeria could not personally participate in those presidential-level engagements.

NDC Issues Three Demands

The NDC called for the immediate disclosure of President Tinubu’s whereabouts and health status.

It also demanded that the President comply with Section 145 of the Constitution whenever he is proceeding on vacation or otherwise unable to discharge the functions of his office.

The party further called for an end to what it described as an “imperial presidency” that treats accountability as an afterthought.

The NDC said Nigeria, with more than 200 million citizens, could not be effectively governed through delegation and press releases.

“A nation of over 200 million people cannot be run by delegation and press release. Nigeria deserves a president who is present,” the statement said.

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2027 Elections: APC Receives ADC Defectors From Four Northern States

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The National Working Committee (NWC) of the All Progressives Congress (APC) has received political office seekers formerly affiliated with the African Democratic Congress (ADC) and their supporters from four states ahead of the 2027 general elections.

The defectors are from Jigawa, Plateau, Taraba and Zamfara states.

SEE MORE: 2027: APC Chairman Yilwatda Leads Three-Day Strategic Retreat in Borno

The group, led by Mohammed Hassan Mai Solar and Aslan Aliyu, said their decision to join the ruling APC was influenced by what they described as the achievements of President Bola Ahmed Tinubu under the Renewed Hope Agenda.

They also cited the political structure of the APC, which they said promotes trust, a level playing field and justice for all.

Receiving the defectors, APC National Chairman, Professor Nentawe Yilwatda, highlighted what he described as major transformations taking place across Northern Nigeria.

Yilwatda pointed to developments in road infrastructure, energy reforms, the Nigerian Education Loan Fund (NELFUND) and various empowerment initiatives as notable programmes of the Tinubu administration.

He urged the new members and their supporters to rally behind the APC, stressing the importance of continuity and progress.

 

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2027: INEC Tackles Operational Gaps, Sets October 9 For PVC Collection

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BREAKING: Gunmen Bomb INEC Headquarters In Imo

The Independent National Electoral Commission (INEC) has intensified preparations for the 2027 General Election, with its Chairman, Professor Joash O. Amupitan, SAN, directing officials to identify and close operational gaps ahead of the polls.

Amupitan gave the directive on Monday in Kaduna during the North-West Zonal Interactive Meeting with Staff and Readiness Assessment for the 2027 General Election.

SEE MORE: 2023 Election: ‘If Something Fishy Went Down, Ask INEC’ — Gov Sule

The meeting forms part of INEC’s six-zone national readiness assessment aimed at evaluating the Commission’s preparedness, identifying challenges affecting its field operations and developing practical solutions ahead of the 2027 elections.

Declaring the North-West zonal engagement open, Amupitan said the exercise was aimed at strengthening the foundations of the country’s electoral process and ensuring that avoidable weaknesses do not undermine the credibility of the 2027 elections.

He stressed that the success of any election is largely determined at the grassroots, particularly at the Local Government Areas, Registration Area Centres and polling units where electoral officials interact directly with voters.

“The true success of any election is not decided solely in the meeting rooms of our headquarters in Abuja. It is decided in the field,” Amupitan said.

The INEC chairman urged staff to use the engagement to present practical challenges confronting election administration in their respective areas and work with the Commission’s headquarters to develop solutions before election day.

He said INEC was building on lessons from recent elections as it prepares for the larger national assignment in 2027.

Amupitan also warned electoral officials against partisan conduct and administrative negligence, stressing that neutrality and professionalism among field personnel would be critical to maintaining public confidence in the electoral process.

As part of its preparations for the 2027 elections, the Commission is also scheduled to commence Permanent Voter Cards (PVC) collection on October 9.

 

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