The African Democratic Congress, (ADC), has condemned President Bola Ahmed Tinubu’s approval of a debt waiver for the Nigerian National Petroleum Company Limited (NNPCL), describing the move as unconstitutional, and a violation of Section 162 of the 1999 Constitution, (as amended). The party’s reaction follows reports that President Tinubu authorised the cancellation of a substantial portion of NNPCL’s legacy debts amounting to about ₦7.6 trillion owed to the Federation Account. The decision has sparked widespread criticism, with civil society organisations and legal experts warning that it undermines transparency, fiscal discipline…
Read More“Tinubu’s NNPCL debt waiver, breaches Constitution, grounds for impeachment” – ADC
