ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, May 21, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
ADVERTISEMENT
Home Crime Watch

Court Orders Buhari Government To Account For $460m Chinese Loan

The suit followed the disclosure in 2019 by the Minister of Finance, Zainab Ahmed, that “Nigeria was servicing the loan”, adding that she had ‘no explanations on the status of the project.

by NewsOnline Nigeria
May 21, 2023
in Crime Watch, Headline
0
Buhari Government

Court has ordered Buhari Government to account for a $460m Chinese Loan.

 

NewsOnline reports that a Federal High Court sitting in Abuja has ordered the government of President Muhammadu Buhari to “account for the spending of $460 million Chinese loan to fund the failed Abuja Closed-Circuit Television (CCTV) project.”

 

This online newspaper understands that the court also ordered the present government to “publish the total amount of money paid to Chinese and local companies and contractors and specific details of the names of the companies and contractors and status of the implementation of the project.”

 

ALSO: Meet Patience Ozokwor, AMVCA9 Winner of Industry Merit Awards

 

Hon. Justice Emeka Nwite made the order last week while delivering judgment in a Freedom of Information suit number: FHC/ABJ/CS/1447/2019 brought by Socio-Economic Rights and Accountability Project (SERAP).

 

The suit followed the disclosure in 2019 by the Minister of Finance, Zainab Ahmed, that “Nigeria was servicing the loan”, adding that she had ‘no explanations on the status of the project.

 

She reportedly said, “We are servicing the loan. I have no information on the status of the CCTV project.”

 

In his judgment, Nwite agreed with SERAP that “there is a reasonable cause of action against the government. Accounting for the spending of the $460 million Chinese loan is in the interest of the public. It will be inimical for the Court to refuse SERAP’s application for judicial review of the government’s action.”

 

He also said that “The Minister of Finance is in charge of the finance of the country and cannot by any stretch of imagination be oblivious of the amount of money paid to the contractors for the Abuja CCTV contract and the money meant for the construction of the headquarters of the Code of Conduct Bureau (CCB).”

 

Justice Nwite also ordered the government “to provide the details clarifying whether the sum of N1.5 billion Naira paid for the failed contract meant to construct the headquarters of the Code of Conduct Bureau (CCB) was part of another loan obtained from China.”

 

Justice Nwite’s judgment read in part: “SERAP’s core objectives are to promote human rights, transparency and accountability and anti-corruption in Nigeria.

 

“I am of the humble view that there is a reasonable cause of action against the government [through the Minister of Finance] and I so hold that SERAP has made out a case to be entitled to the reliefs sought

 

“The law is well settled that where a document or letter is sent by post, it is the law that the same is taken or presumed to have been delivered.”

Previous Post

Ganduje Fumes In Leaked Audio Over Tinubu’s Romance With Kwankwaso

Next Post

Tinubu, Sanwoolu, Wike, Fubura, Okowa, Sheriff, Others Will Fall Apart– Primate Ayodele

Next Post
Primate Ayodele

Tinubu, Sanwoolu, Wike, Fubura, Okowa, Sheriff, Others Will Fall Apart– Primate Ayodele

Trending Stories

Buhari Government

Court Orders Buhari Government To Account For $460m Chinese Loan

Tonye Cole

BREAKING: Tonye Cole Withdraws From Rivers APC Governorship Primary Race

Fubara

BREAKING: Fubara Forced Out of Rivers APC Governorship Primary Amid Supremacy Battle With Wike

Notti Osama Video Footage

WATCH Notti Osama Video Footage Of Death On Tiktok, Twitter, & Reddit

Caleb University Female Student Leaked Sextape Goes Viral, Sparks Social Media Frenzy (Watch Here)

Step-by-Step Guide To Apply For Tinted Glass Permit Online

Sex Tape

President 50-Year Old Daughter’s Sex Tape Breaks The Internet (WATCH HERE)

Watch Viral Sex Video of Anambra Married Woman

Watch Viral Sex Video Of Anambra Married Woman With Husband’s Best Friend

Tiwa Savage Sex Tape

Tiwa Savage Sex Tape Resurfaces Online After US Interview (WATCH HERE)

Adewole Adebayo

BREAKING: Adewole Adebayo, 12 Others Expelled From Social Democratic Party (FULL LIST)

Latest Stories

Hantavirus Update Today

Hantavirus Update Today — Latest Cases, Death Toll & Global Tracking

Fubara

BREAKING: Fubara Forced Out of Rivers APC Governorship Primary Amid Supremacy Battle With Wike

Adewole Adebayo

BREAKING: Adewole Adebayo, 12 Others Expelled From Social Democratic Party (FULL LIST)

Tonye Cole

BREAKING: Tonye Cole Withdraws From Rivers APC Governorship Primary Race

Jonathan, AGF

BREAKING: Jonathan, AGF Move to Strike Out Suit Challenging 2027 Election Eligibility

Impact Investors Foundation

Impact Investors Foundation Unveils GESI Baseline Report at 4th Gender Impact Investment Summit in Lagos

Tokunbo Wahab

Ayobami Celebrates Tokunbo Wahab at 54 for Leadership, Mentorship and Public Service Impact

Union Bank

Union Bank Marks 2026 International Day of the Boy Child with School Outreach in Lagos

Sterling

Sterling Financial Deepens Market Confidence as Assets Cross ₦4tn, Profit Jumps 53% in Q1 2026

Tinubu Presidency

Tinubu Presidency Knocks Peter Obi Over Rwanda Trip Comments, Says Diplomacy Not ‘Reality TV’

NewsOnline 2026

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria