“$6bn Loan Approval In Under 4 hours Is Reckless” – Atiku To Senate

Atiku Abubakar

Former Vice President and African Democratic Congress (ADC) chieftain, Atiku Abubakar, has criticized the Presidency and the National Assembly over the quick approval of a fresh $6 billion external loan. He recently had his say via a press statement by his Senior Special Assistant on Public Communication, Phrank Shaibu, and Nigerians have been reacting.

Expressing deep concern over reports that the Senate approved President Bola Tinubu’s loan request in less than four hours, Atiku described the process as a dangerous erosion of legislative oversight that threatens the country’s economic stability.

He added that rather than safeguard the future of Nigeria, the Senate continues to reduce itself to a conveyor belt that processes high-stakes requests without proper scrutiny.

His words, “What Nigerians have witnessed is not legislative diligence, but a disturbing erosion of oversight responsibility.

What does a government preparing for electoral rejection in 2027 intend to do with an additional $6 billion in borrowed funds—on top of the mounting obligations it has already accumulated in the first quarter of 2026?

Nigeria is not a private enterprise to be leveraged at will.”

WOW.