ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, July 27, 2025
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
Home Crime Watch

Reps To Probe Nigeria’s €1.2m Debt To African, Caribbean and Pacific Group

The committees were given a two-week deadline to report back with recommendations.

by NewsOnline Nigeria
July 1, 2025
in Crime Watch, Top Stories
0
Nigeria’s €1.2m Debt To African

Reps has moved to probe Nigeria’s €1.2m debt to African, Caribbean and Pacific Group.

NewsOnline Nigeria reports that the House of Representatives has resolved to investigate Nigeria’s outstanding financial contribution of €1.2 million to the Organisation of African, Caribbean and Pacific States (OACPS), amid concerns that the debt could damage the country’s diplomatic standing and hinder access to critical development funding.

This resolution followed a motion of urgent national importance raised during Tuesday’s plenary by Deputy Chief Whip, Hon. Ibrahim Isiaka (APC, Ogun), who drew attention to Nigeria’s persistent failure to meet its financial obligations to the multilateral organisation.

ALSO: Atiku’s Aide Fires Back at Tinubu, Says ‘Political Refugees’ Are Gaining Momentum to Rescue Nigeria

Hon. Isiaka noted that while Nigeria has received over €1.7 billion in development grants and investment support under the OACPS-European Union partnership since 2020, the government’s inability to fulfil its dues to the organisation could attract sanctions and jeopardise future funding.

“It is disheartening that despite Nigeria’s strategic engagement and benefits from the OACPS-EU Cotonou Agreement (2000–2020), we are lagging behind in our commitment to the body. This risks undermining Nigeria’s influence and credibility on the international stage,” Isiaka said.

He warned that continued default may hamper the implementation of vital development projects and disrupt Nigeria’s role in shaping OACPS policy, particularly as the organisation transitions into the post-Cotonou framework with the EU.

In response, Speaker of the House, Rep. Abbas Tajudeen, mandated the Committees on Finance, National Planning, and Debt Management to urgently investigate the matter, assess the implications of the debt, and liaise with relevant ministries to facilitate prompt payment.

The committees were given a two-week deadline to report back with recommendations.

The Organisation of African, Caribbean and Pacific States (OACPS), headquartered in Brussels, is a multilateral grouping of 79 countries working to promote sustainable development, international cooperation, and economic integration across member states. Nigeria’s continued participation and influence within the body are tied to fulfilling its financial and strategic commitments.

ADVERTISEMENT
Previous Post

Atiku’s Aide Fires Back at Tinubu, Says ‘Political Refugees’ Are Gaining Momentum to Rescue Nigeria

Next Post

SquirrelPR Launches GoBorderless.Africa: A Game-Changing Platform for Cross-Border Media Distribution

Next Post
GoBorderless.Africa

SquirrelPR Launches GoBorderless.Africa: A Game-Changing Platform for Cross-Border Media Distribution

Trending Stories

Week 4 Pool Result for Saturday 26

Week 4 Pool Result for Saturday 26, July 2025, UK 2025/2026 From Pool Agent

Peter Obi

BREAKING: PDP Woos Peter Obi With 2027 Presidential Ticket Amid Political Realignment

Olayemi Cardoso

BREAKING: CBN Governor, Olayemi Cardoso Faces Arrest Over ₦5.2 Trillion Surplus

Watch Viral Sex Video of Anambra Married Woman

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

Nigeria’s €1.2m Debt To African

Reps To Probe Nigeria’s €1.2m Debt To African, Caribbean and Pacific Group

Tinubu

Class of ’99 Governors Urge Tinubu to Establish Cottage Industries, Reject N5,000 Palliatives

Ahmed Farouk

BREAKING: NMDPRA CEO, Ahmed Farouk Under Fire Over Alleged Misuse of Public Funds

Naira

Dollar To Naira Black Market Exchange Rate Today, 26 July 2025

Tinubu, Olamide, 9ice, Bukayo Saka

Lagos Renames Streets After Tinubu, Olamide, 9ice, Bukayo Saka [Full List]

GTBank, UBA, First Bank,

BREAKING: GTBank, UBA, First Bank, 5 Others Meet CBN Recapitalisation (FULL LIST)

Latest Stories

Tinubu

Class of ’99 Governors Urge Tinubu to Establish Cottage Industries, Reject N5,000 Palliatives

Peter Obi

BREAKING: PDP Woos Peter Obi With 2027 Presidential Ticket Amid Political Realignment

Ahmed Farouk

BREAKING: NMDPRA CEO, Ahmed Farouk Under Fire Over Alleged Misuse of Public Funds

Tinubu, Olamide, 9ice, Bukayo Saka

Lagos Renames Streets After Tinubu, Olamide, 9ice, Bukayo Saka [Full List]

Week 4 Pool Result for Saturday 26

Week 4 Pool Result for Saturday 26, July 2025, UK 2025/2026 From Pool Agent

Naira

Dollar To Naira Black Market Exchange Rate Today, 26 July 2025

Olayemi Cardoso

BREAKING: CBN Governor, Olayemi Cardoso Faces Arrest Over ₦5.2 Trillion Surplus

WAFCON Final

BREAKING: Tinubu Approves Full Payment of Super Falcons’ Bonuses Ahead of WAFCON Final

UK Doctors

BREAKING: UK Doctors Embark On Strike Despite PM Starmer ’s Plea

AIG Akinwale

AIG Akinwale Decorates 22 Promoted Zone 3 Police Officers

ADVERTISEMENT

NEWSONLINE NIGERIA

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 © 2025 NewsOnline Nigeria

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

Copyright © 2023 Newsonline Nigeria