Connect with us

News

📬 Did Tinubu Leave Over $1bn Foreign Debt Behind As Lagos Governor?

Published

4 years ago

on

Did Tinubu Leave Over $1bn Foreign Debt Behind As Lagos Governor?

A spokesperson for the Atiku Abubakar presidential campaign, Daniel Bwala, has alleged that former Lagos State governor and presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, left behind a foreign debt of over $1bn when he completed his tenure in 2007. This claim is FALSE!

The Findings:

Information from the Debt Management Office (DMO) showed that the federal and state governments’ External Debt Stock as of June 30, 2016, was $11,261,887,684.00 with the Federal Government’s share of the debt portfolio standing at $7,607,500,252.76 while that of the states was $3,654,387,431.24. The three most indebted states were: Lagos with $1,431,474,719.70; Kaduna with $225,277,020.12 and Edo with $179,519,864.02. This was just the foreign debt profile.

This prompted the then Lagos State Governor, Akinwunmi Ambode, to explain that the foreign debt owed by the state government at the time, was inherited from previous administrations before his tenure which began in 2015.

 

Also, Data compiled by the DMO showing both federal and states’ external debt stock as of December 31, 2007, revealed that Lagos State owed a total of $243,283,449.01 which is approximate to the figure quoted by Bwala.

 

It should be noted that at this time, Tinubu had handed over to his successor, Babatunde Fashola (SAN). The debt was from multilateral sources alone.

Conclusion: 

Available records showed that Bwala’s claim that Tinubu left behind a foreign debt of over $1bn as Lagos State governor is false.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

News

Is Peter Obi Planning to Leave ADC for NDC?

Published

2 weeks ago

on

May 2, 2026

By

A Facebook post claims that Peter Obi is planning to leave the African Democratic Congress (ADC) to join the Nigerian Democratic Congress (NDC).

Background

Peter Obi is a prominent Nigerian politician who served as Governor of Anambra State (2006–2014), was the vice-presidential candidate of the People’s Democratic Party (PDP) in 2019, and the presidential candidate of the Labour Party Nigeria in 2023.

The African Democratic Congress (ADC) is a registered political party in Nigeria, while the Nigerian Democratic Congress (NDC) is a newly registered party by INEC.

To verify the claim:

We checked Peter Obi’s official social media accounts, no announcement of defection.

We also reviewed official communication from the African Democratic Congress,  no statement confirming any planned exit

We searched credible news platforms, no reports supporting the claim

The source, APGA Interactive Forum is known for misleading/unverified political posts.

What This Means

There is no verifiable evidence supporting the claim.

The information appears to be speculative or fabricated

The source lacks credibility

Verdict

False

There is no credible evidence that Peter Obi plans to leave the African Democratic Congress to join the Nigerian Democratic Congress.

—

Continue Reading

News

Is Viral Screenshot Claiming Donald Trump Criticised Bola Ahmed Tinubu real?

Published

2 weeks ago

on

May 2, 2026

By

A viral screenshot claims that Donald Trump posted on Truth Social criticising Bola Ahmed Tinubu for travelling to the UK during deadly attacks in Maiduguri.

Background

The claim surfaced after reported attacks in Maiduguri, where multiple locations were hit, leading to casualties.

Around the same time, the Nigerian Presidency announced Bola Ahmed Tinubu’s scheduled visit to the United Kingdom.

A screenshot allegedly showing Donald Trump reacting to the situation began circulating widely across social media.

Verification

We searched Donald Trump’s verified Truth Social account; no such post exists. We checked other official and affiliated platforms, no matching statement.

We reviewed credible news outlets, no report attributing such comments to Trump.

Response from Nigerian Presidency, confirmed the screenshot is fake just as presidential aide Sunday Dare publicly labelled it “Fake!!!”

What This Means

The screenshot is fabricated

No evidence it originated from any verified platform

Likely created to provoke political reactions and misinformation

Verdict

False

The viral screenshot claiming that Donald Trump criticised Bola Ahmed Tinubu is fake.

There is no record of such a post on Truth Social or any credible platform, and the Nigerian Presidency has officially debunked it.

Continue Reading

African News

📰 Ep.117–WABMA Fake News Debunker;

Published

4 weeks ago

on

April 23, 2026

By

đź’Ą Did U.S. Military Forces Arrive in Nigeria in February 2026, and are the claims in viral video true?

A video circulating online sparked major reactions, with many believing the United States had deployed troops for combat operations in Nigeria. But what’s the real story? —

Let’s look at the facts.👇
https://youtu.be/anlCJiDQx0E
🎥

🙏Pls. Watch, like & subscribe to our channel! WABMA, in collaboration with media professionals, continues the fight against fake news and misinformation across social and traditional media.

FMI: Visit our website for more verified insights: projectfactchecknigeria.org

Continue Reading

Trending