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$21 Billion Loan Scandal: Senator Ningi Rejects Tinubu’s Deal, Cites Lack of Transparency

.... Transparency Issues

by Akwaeze
July 26, 2025
in News
$21 Billion Loan Scandal: Senator Ningi Rejects Tinubu’s Deal, Cites Lack of Transparency

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In a surprising move, Senator Abdul Ningi has outrightly rejected President Tinubu’s proposal for a $21 billion foreign loan, even after the Senate gave it the green light. His main concern? A serious lack of transparency and accountability.

Ningi, known for his strong stance on fiscal responsibility, expressed that without clear information on how these loans will be used, Nigeria’s debt situation could worsen, further deepening the economic crisis.

 “We can’t keep borrowing without knowing the details. Nigerians have a right to understand where this money is going,” he emphasized..

Source: Lazeera News- We Listen!
Via: Lazeeranews
Tags: Loan DisapprovalPresidencySenator Nengi
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Akwaeze

Akwaeze

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

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