…Demands transparency A group of lawyers under the umbrella of Constitutional Lawyers Forum (CLF) has declared the $3 billion emergency loan recently secured on papers by the Nigeria National Petroleum Company Ltd (NNPCL) from the African Export-Import Bank (Afrexim) to stabilise the country’s foreign exchange market and crude oil repayment, as illegal and unconstitutional. Recall that the national oil company and the bank on August 16 jointly signed a commitment letter and term sheet for the emergency loan. The facility, according to them, will provide some immediate disbursement that will…
Read MoreConstitutional lawyers declare NNPCL, Afrexim bank’s $3bn loan illegal, threatens court action
