Reps to probe $460m Chinese loan for Abuja CCTV project

By Gift ChapiOdekina, Abuja

The House of Representatives has resolved to analyse the $460 cardinal Chinese indebtedness obtained to concern the Abuja Closed-Circuit Television (CCTV) project, primitively designed to heighten information crossed the Federal Capital Territory (FCT).

This followed the adoption of a question of urgent nationalist value moved by Hon. Amobi Ogah (LP, Abia) during plenary connected Wednesday.

In his motion, Ogah recalled that the medication of erstwhile President Goodluck Jonathan initiated the CCTV task to amended surveillance, assistance instrumentality enforcement, and curb transgression activities wrong Abuja.

He explained that successful 2010, the past Minister of Finance, Dr. Olusegun Aganga, led a Federal Government delegation to Beijing, China, to motion a Memorandum of Understanding (MoU) with ZTE Communications of China, the steadfast awarded the declaration for the project.

The lawmaker noted that the task was financed done a $460 cardinal indebtedness from the China-EXIM Bank, drawn from a $600 cardinal recognition installation extended to Nigeria arsenic a brushed loan, repayable implicit 10 years aft a 10-year grace period.

Ogah expressed interest that contempt the important concern and continued repayment of the loan, the CCTV task has yet to present the expected results successful improving information wrong the superior city.

He observed that incidents of insecurity person persisted successful Abuja, underscoring the request for accountability regarding the project’s execution and effectiveness.

Following deliberations, the House mandated its Committees connected National Security and Intelligence, Finance, and Public Accounts to analyse the circumstances surrounding the loan, the declaration implementation, and the existent presumption of the CCTV project, and to study backmost to the House for further legislative action.

The station Reps to probe $460m Chinese indebtedness for Abuja CCTV project appeared archetypal connected Vanguard News.