ADC Alleges NNPC Debt Waiver by Tinubu May Lead to Impeachment
The African Democratic Congress (ADC) has accused President Tinubu of approving the cancellation of a substantial portion of NNPC's outstanding debt, amounting to N7.6 trillion, without legislative approval. This move has raised concerns among civil society organizations and legal practitioners, who view it as an assault on transparency and fiscal discipline.
The ADC argues that the action violates the Nigerian constitution and undermines public trust. The cancellation of the debt without proper authorization is seen as a breach of constitutional provisions and revenue-sharing requirements.
The ADC emphasizes that such unilateral actions cannot override constitutional mandates related to revenue distribution.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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