Legislative AccountabilityObservatory
Home / Probes / LAO-0086

Kogi State Government's planned US$500 million foreign loan

Status
No final report
Assembly
Senate
Opened
28 November 2018
Assembly term
8th National Assembly (2015–2019)
Committee
Committee on Local and Foreign Debts
Sum at issue
US$500 million
Subject
Loans and public debt
Without a report for
2,905 days

On a motion by Senator Dino Melaye (PDP, Kogi West), supported by Senator Atai Aidoko (Kogi East), the Senate mandated its Committee on Local and Foreign Debts to investigate an alleged plan by the Kogi State Government to borrow US$500 million (about ₦180 billion) from East West Capital Corporation in the United Arab Emirates without National Assembly approval. Melaye said the loan was described as debt refinancing to avoid seeking approval, and that the state already owed about ₦40 billion.

What the record shows

  • 28 November 2018
    Probe opened.
  • As of 11 November 2026
    No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.