Reps to probe Nigeria’s €1.2m debt to OACPS

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The House of Representatives has launched an investigation into Nigeria’s unpaid debt of 1.2 million Euros to the Organisation of African, Caribbean and Pacific States, OACPS.The motion was raised by Deputy Chief Whip Ibrahim Isiaka, who warned that failure to pay the debt may lead to sanctions and harm Nigeria’s development prospects.Despite benefiting from over 1.7 billion Euros in support from the OACPS-European Union partnership since 2020, Nigeria has struggled to meet its financial obligations.Speaker Abbas Tajudeen has tasked committees on finance and debt management to work with relevant ministries and report back in two weeks.

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