WHAAT! Tinubu In FRESH $3. 3bn Scandal? SEE What Atiku Exposed About The Money That’s SHOCKING
The 2023 presidential candidate of the Peoples Democratic Party, Atiku Abubakar has called out President Bola Tinubu, asking him to speak up on what he said is a recent ‘ shady deal’ worth $3. 3bn in his administration.
According to Atiku, Bola Tinubu- led administration, last year, precisely on August 16, 2023 through the Nigeria National Petroleum Company (NNPC) secured a $3. 3 billion emergency crude repayment loan which according to the NNPC, was to help give support to the Naira and stabilize the Foreign Exchange market.
Atiku noted that the curious thing about this transaction is that up till now, the Federal Government continues to keep mum about it, with Nigeria having to supply 90, 000 Barrels of its daily production, starting from 2024 till it is up to 164. 25 million barrels for the repayment of the loan.
” Now, this is where the details get disturbing because Nigeria’ s benchmark for the sale of crude per barrel in 2024 is $77. 96. A simple multiplication of that figure by 164. 25 will give us a whooping $12bn.
” It is inconceivable that the Federal Government will lead the country to take a loan of $3. 3b with an interest rate that is not less than 12 per cent, but with estimated repayment amounting to $12bn, ” Atiku said in a post on X.
The 2023 presidential candidate of the PDP added: ” Tinubu’ s administration owes Nigerians an explanation for the NNPC $3. 3bn emergency loan.
