FG Pays $22.5m in Charges on Controversial UAE Loan
The Federal Government of Nigeria has reportedly settled $22.5 million in charges related to its contentious $1.5 billion Total Return Swap financing from First Abu Dhabi Bank, according to data from the Debt Management Office (DMO).
The financing arrangement, which has sparked controversy due to concerns over the terms and conditions imposed by the Abu Dhabi-based bank, was signed in Q2 2026. The payment of the charges marks a significant development in the ongoing saga surrounding Nigeria's association with First Abu Dhabi Bank.
For more information on this story, please visit the original source: https://punchng.com/fg-pays-22-5m-in-charges-on-controversial-uae-loan/
Controversial UAE Loan: Government Settles Charges
The Federal Government of Nigeria has recently settled $22.5 million in charges associated with the contentious $1.5 billion Total Return Swap financing from First Abu Dhabi Bank. The financing arrangement, which has garnered public attention due to concerns over the terms and conditions offered by the Abu Dhabi-based lender, was signed in Q2 2026 as per Debt Management Office (DMO) data.
The payment of these charges marks a significant milestone in the ongoing debate surrounding Nigeria's partnership with First Abu Dhabi Bank. For more information on this story, please refer to the original source: https://punchng.com/fg-pays-22-5m-in-charges-on-controversial-uae-loan/
Nigeria's Government Pays $22.5m in Charges on Controversial UAE Loan
The Federal Government of Nigeria has recently settled $22.5 million in charges associated with the contentious $1.5 billion Total Return Swap financing from First Abu Dhabi Bank. The financing arrangement, which has garnered public attention due to concerns over the terms and conditions offered by the Abu Dhabi-based lender, was signed in Q2 2026 as per Debt Management Office (DMO) data.
This payment marks a significant milestone in the ongoing debate surrounding Nigeria's partnership with First Abu Dhabi Bank. To learn more about this story, please refer to the original source: https://punchng.com/fg-pays-22-5m-in-charges-on-controversial-uae-loan/
<small>Source: Punch Nigeria — read the original story there.</small>