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

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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.

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African News

📰 Ep.117–WABMA Fake News Debunker;

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💥 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

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African News

✴️ Ep.116– Does Viral Video Show a Market Between Congo and Gabon Where Parents Sell Their Children?

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A viral video claims to show a “child market” between Congo and Gabon where parents allegedly sell their children. But is this true?

In this episode of WABMA Fake News Debunker (Ep. 116), we carefully examine the footage, verify available evidence, and separate fact from fiction.

🔍 What we investigated:

  • The viral video and its visual details
  • Reports from credible international media
  • Data from global child-protection organizations
  • Any evidence of a “child market” in the Congo–Gabon region

Our Verdict: FALSE
There is no verified evidence that such a market exists. The viral video does not prove child trafficking and has been shared without proper context.

⚠️ Why this matters:
Misinformation like this spreads fear, reinforces harmful stereotypes, and distracts from real child protection issues.


🎓 Learn Media & Fact-Checking Skills with WABMA
Become a skilled media professional in just 5 weeks.

📞 +2349025478072
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🌐 wabma.org

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African News

✴️ Ep.116–WABMA Fake News Debunker;

Published

on

✴️ Ep.116–WABMA Fake News Debunker;

💥 Does Viral Video Show a Market Between Congo and Gabon Where Parents Sell Their Children?

A viral video claims to show a “child market” between Congo and Gabon where parents allegedly sell their children. But is this true? —

Let’s look at the facts. 👀
👇
https://youtu.be/3Qfny74QhC0

🙏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
…………………………………
#Congo, #Gabon, #HumanTrafficking, #StopFakeNews, #ContentCreators, #NewsAnalysis

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