PRP: Tinubu must tell Nigerians the truth on clearing N30trn ways and means advances

The Peoples Redemption Party (PRP) says President Bola Tinubu must come clean on repayment of N30 trillion in ways and means advances.

October 7, 2024 8:02 pmrepayment of N30 trillion in ways and means advances.his administration has cleared over N30 trillion in ways and means loans.

The party asked the government to end the “deceptive terminology”, adding that transparency will ensure accountability and rebuild trust in the government. “Indeed, reports indicate that instead of an outright clearance, this debt has simply been securitized What a deceit?“What the government did in essence was to issue local currency denominated Promisory Notes, sold same to investors and use the proceeds from the sale to pay the debts owed to the CBN in the Ways and Means financing debacle which practically means that the nation is still owing till date.

“To say the least, the Notes issuance has been shrouded in secrecy and mystery. We wish to demand answers to the following questions: Who were the parties to the transaction?

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