- insecurity in the nation’s capital continues to worsen despite the huge investment
- The facility was part of a $600 million soft credit package
- a full investigation into how the funds were used
The House of Representatives has launched an investigation into the unfinished $460 million Chinese-funded CCTV project in Abuja, initiated during Goodluck Jonathan’s administration.
Eko Hot Blog gathered that the decision followed a motion of urgent public importance raised by Hon. Amobi Ogah, representing Isuikwuato/Umunneochi Federal Constituency of Abia State.
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The motion, titled “Need to Investigate Rising Insecurity and Loss of Lives in Abuja Despite the $460m CCTV Project,” noted that insecurity in the nation’s capital continues to worsen despite the huge investment.
Ogah recalled that in 2010, the Federal Government, through the then Minister of Finance, Dr. Olusegun Aganga, signed an agreement with China’s ZTE Communications for the project, funded by a $460 million loan from China EXIM Bank.
The facility was part of a $600 million soft credit package with a 10-year grace period and another 10 years for repayment.
He lamented that although Nigeria continues to service the loan, the CCTV system remains non-functional, while criminal activities in Abuja have increased.
Lawmakers, including Billy Osawaru and Ahmad Jaha, supported the motion, stressing the need for accountability and a full investigation into how the funds were used.
Following deliberations, the House resolved to establish an ad hoc committee to probe the loan, determine the status of the project, and present its findings for further legislative action.
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