A fresh dispute is brewing over the finances of the Federal Capital Territory as Senator Ireti Kingibe questions the borrowing activities of FCT Minister Nyesom Wike.
According to Daily Post, Kingibe alleged that Wike has been taking loans for the FCT without securing the required approval from the National Assembly.
The senator, who represents the FCT, raised concerns about how the loans were obtained and the level of legislative oversight involved. Kingibe suggested that such borrowing raises serious questions about accountability within the administration of the nation’s capital.
The allegation comes amid growing attention on the FCT’s finances under Wike. His administration has embarked on several major infrastructure projects across Abuja since he assumed office.
However, Kingibe has repeatedly questioned some of the minister’s decisions and actions in the territory. The latest allegation adds another layer to the long-running tension between the senator and the FCT minister.
Kingibe’s concerns centre on whether the FCT has followed the appropriate legal process before securing loans for its projects. She also appeared to question the extent to which the National Assembly has been involved in approving or monitoring such financial commitments.
Meanwhile, Wike has defended his administration’s spending on infrastructure. He has maintained that the FCT requires major investment to address its development needs.
The minister has also received praise from some lawmakers for the pace of infrastructure development in Abuja. Despite this, the controversy over borrowing could place renewed focus on the FCT’s debt profile and financial management.
Kingibe’s allegation is likely to attract further debate, particularly as scrutiny of government borrowing remains a major issue in Nigeria. For now, the claims have opened another front in the increasingly public disagreement between the senator and the minister.
The dispute also raises broader questions about transparency and legislative oversight in the management of public funds.
Elom Fortunate Chiemerie is junior staff at modern crux that covers news on international politics, sports news and entertainment News
