• Latest
  • Trending
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

Account For $460m Chinese Loan For ‘Failed’ Abuja CCTV Project- Court Orders Buhari Govt

May 22, 2023
Four bank staff in police net for alleged money laundering,  N270m fraud

Delta Police Bust Gun Ring After Singer’s Extra-Judicial Death

June 8, 2026
NUPRC On Rolls Out Action Plan For 2024

NUPRC, NNRA Harmonise Rules to Cut Oil Sector Costs

June 8, 2026
Fake Kidnap Gang Busted in Ogun, 8 Foreigners Arrested

Fake Kidnap Gang Busted in Ogun, 8 Foreigners Arrested

June 8, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

UNN Safe, Police Debunk Kidnap/Attack Rumor

June 8, 2026
Akpabio, Not Indisposed Or Rushed To National Hospital – Media Aide

Akpabio: Terror Sponsors Will be Exposed , Must Face Justice

June 8, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
FG Shifts Nigerians’ Evacuation From SA to June 10

FG Shifts Nigerians’ Evacuation From SA to June 10

June 8, 2026
Atiku’s Aide Knocks BBC Over Fact Check Report On Tinubu’s CSU Certificate

Atiku: Rescue of 360 Abductees in Borno, Major Relief

June 8, 2026
Tinubu appoints Bianca Ojukwu minister of state, foreign affairs

Nigeria Extends SA Evacuation Screening

June 8, 2026
JAMB Postpones Post UTME Test Till Sept 7th

Mop-Up UTME Slips Ready: JAMB Urges Early Printing

June 8, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Monday, June 8, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result

Account For $460m Chinese Loan For ‘Failed’ Abuja CCTV Project- Court Orders Buhari Govt

by Present Nigeria
May 22, 2023
in News
0
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt
28
SHARES
56
VIEWS
FacebookTwitterWhatsappTelegram

A federal high court in Abuja has ordered the President Muhammadu Buhari-led administration to account for the spending of a $460 million Chinese loan to fund the “failed” Abuja closed-circuit television (CCTV) project.

The judge, Emeka Nwite gave the order while delivering judgement in the freedom of information suit ‘FHC/ABJ/CS/1447/2019’ brought by Socio-Economic Rights and Accountability Project (SERAP).

RelatedPosts

Delta Police Bust Gun Ring After Singer’s Extra-Judicial Death

NUPRC, NNRA Harmonise Rules to Cut Oil Sector Costs

Fake Kidnap Gang Busted in Ogun, 8 Foreigners Arrested

The judge ordered the government to publish the total amount of money paid to Chinese and local companies and contractors, specific details of the identities of the companies and contractors as well as the implementation of the project.

In December 2019, SERAP filed a lawsuit against Zainab Ahmed, finance minister, over failure to disclose information and specific documents on the total amount of money paid to contractors from the $460 million loan obtained in 2010 from China to fund the Abuja CCTV project.

In his judgement, Nwite agreed with SERAP that there was a reasonable cause of action against the government.

“Accounting for the spending of the $460 million Chinese loan is in the public’s interest. It will be inimical for the court to refuse SERAP’s application for judicial review of the government’s action,” he said.

“The Minister of Finance is in charge of the finances 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.”

The judge ordered the government to provide the “details clarifying whether the sum of N1.5 billion paid for the failed contract meant to construct the headquarters of the Code of Conduct Bureau was part of another loan obtained from China”.

Nwite granted an order of mandamus compelling the federal government through the minister of finance, “to provide and make available to SERAP information on the total amount of money paid to contractors, with specific details of names of companies local contractors involved, from the $460 million loan obtained in 2010 from China by the Federal Government of Nigeria to fund the failed Abuja CCTV contract”.

The judgment reads: “An order of mandamus is hereby made directing and compelling the government (through the Minister of Finance) to provide the details of the local companies and Chinese contractors that have received funds from the $460 million loan for the finance of the Abuja CCTV contract as well as details of the status of implementation of the project

“An order of mandamus is hereby made directing and compelling the government (through the Minister of Finance) to provide the details clarifying whether the sum of N1.5 billion mobilisation fee reportedly paid to the contractors for the construction of the Headquarters of the Code of Conduct Bureau in Abuja was part of another loan from China.”

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share11Tweet7SendShareShare2
Previous Post

I Never Stole A Kobo From Govt Coffers, Swear With Qur’an you Didn’t Steal– El-Rufai Challenges Ex-Govs

Next Post

Police Arrest Female Gunrunner, Recover 100 Rounds Of Live Ammunition in Delta

Related Posts

Four bank staff in police net for alleged money laundering,  N270m fraud

Delta Police Bust Gun Ring After Singer’s Extra-Judicial Death

June 8, 2026
Fake Kidnap Gang Busted in Ogun, 8 Foreigners Arrested

Fake Kidnap Gang Busted in Ogun, 8 Foreigners Arrested

June 8, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

UNN Safe, Police Debunk Kidnap/Attack Rumor

June 8, 2026
Akpabio, Not Indisposed Or Rushed To National Hospital – Media Aide

Akpabio: Terror Sponsors Will be Exposed , Must Face Justice

June 8, 2026
Next Post
Police Arrest Female Gunrunner, Recover 100 Rounds Of Live Ammunition in Delta

Police Arrest Female Gunrunner, Recover 100 Rounds Of Live Ammunition in Delta

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.