Nigeria Senate to vote on motion to probe Etisalat Nigeria loans

PUBLISHED: Tue, 24 Oct 2017 16:49:07 GMT
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Nigeria’s parliament plans to vote on a motion to investigate the use of $1.2 billion in loans taken out by telecoms firm Etisalat Nigeria, now called 9mobile, a Senate order paper seen by Reuters showed on Tuesday.

Photo: Wikipedia.

The motion if passed would mandate a Senate committee on banking and national security to handle the investigation, which it says would seek to forestall the impact of the debt crisis on foreign investment and hold defaulting parties liable.

Reporting by Paul Carsten, Camillus Eboh, Chijioke Ohuocha and Alexis Akwagyiram in Lagos; editing by Jason Neely

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