Senator Ireti Kingibe has alleged that the Minister of the Federal Capital Territory, Nyesom Wike, is securing loans for the FCT Administration without the approval of the Senate.
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Kingibe, who represents the FCT in the Senate, made the allegation while criticising the handling of the territory’s finances and development projects.
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The senator argued that any borrowing undertaken by the FCT Administration should be subject to legislative scrutiny and approval, stressing that the Senate has a constitutional responsibility to oversee financial decisions affecting the capital territory.
She called for greater transparency in the management of FCT funds, including disclosure of the loans obtained, their terms, and the specific projects for which they are being secured.
As at the time of filing this report, Wike and the FCT Administration had not issued a public response to the allegation.
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