The World Bank Country office in Nigeria has been accused of engaging on practices considered illegal under Nigeria’s legal regime, in relation to borrowing and loan indebtedness worth $800m, about ₦368,615,712,800.00, reports ITREALMS.
Featured post @ITREALMS
Showing posts with label Loan trap. Show all posts
Showing posts with label Loan trap. Show all posts
Friday, May 19, 2023
Loan trap: World Bank accused of setting Nigeria up with $800m funding - ITREALMS
ITREALMS ... making leadership SENSE with digital news!
The World Bank Country office in Nigeria has been accused of engaging on practices considered illegal under Nigeria’s legal regime, in relation to borrowing and loan indebtedness worth $800m, about ₦368,615,712,800.00, reports ITREALMS.
Leading in the accusation, the Human and Environmental Development Agenda (HEDA Resource Center) said the Bank in its engagement with some Civil Society Organizations regarding the planned $800 million loan to the Nigerian Government though is subject to the approval of the National Assembly of Nigeria before its disbursement will take effect.
The World Bank Country office in Nigeria has been accused of engaging on practices considered illegal under Nigeria’s legal regime, in relation to borrowing and loan indebtedness worth $800m, about ₦368,615,712,800.00, reports ITREALMS.
Subscribe to:
Posts (Atom)