The House of Representatives has resolved to investigate Nigeria’s outstanding debt of €1,119,979.86 to the Organisation of African, Caribbean, and Pacific States (OACPS).
This followed a motion by Deputy Chief Whip, Hon. Ibrahim Isiaka, who noted that Nigeria has received over €1.7 billion in development support through the OACPS-European Union partnership since 2020.
He warned that failure to settle the arrears could result in sanctions, jeopardizing the country’s diplomatic and development interests.
The House mandated its Committees on Finance, National Planning, and Debt Management to assess the implications of Nigeria’s continued membership and work with relevant ministries to fast-track payment. The committees are to report back in two weeks.
In a separate resolution, the House also expressed concern over rising insecurity in parts of Kwara and Niger States, calling for a decisive military operation to tackle terrorist activities in the affected areas.
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